While everyone is waiting for growth, I expect a sharp decline. Yes, exactly the one that Nassim Taleb always waits for and he regularly waits.
Due to what the Ether grew from $ 5 to $ 1200? Everything is very simple. He grew up due to the fact that people came to the market, bought the Ether and invested in the ICO. That is, "They needed the ether physically." Demand is growing. The price was growing.
Today everything is different. New people no longer invest in ICO. And old investors sell different chermet, which is called "token." Sell for what? That's right, for the Ether. Then what are they doing? That's right, they go to the market and sell the Ether. He does what? Correctly, falls.
That's all you need to know. There is no black cat in a dark room. But there is a soaring swan of the same color.
Do you think no more peoples will come to buy ETH and only sell ETH ? And no longer ICO will be held ?
I think the current price maybe not because many peoples sell their tokens. In the first place, do you think they sell only in ETH ?
Many tokens can be sold for BTC as well in big exchanges, so your reason is not 100% right.