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RE: We are Seeing the Effect of ICOs on the Ethereum Price
This is a very level headed, and probably correct, explanation for the drop in price. It's wise to be careful with all these new ICOs.. it's so easy for them to raise millions with just a white paper and website, and once they have your money, why wouldn't they just cash out?
I totally agree with @calaber24p and you
Raise as much money as you can while you can to develop what you can as soon as you can. Raising as much as possible now is the only way to stay away from regulatory repression and political suppression which is sure to come in the coming months as Ethereum begins to become truly useful.
That is the optimistic point of view on ICOs. Hopefully this is true for more of them than I think!