Interesting thoughts. I do think ETH will do a new run, I am just very curious on whether we won't first see another dump. The numbers of ETHs needed to participate in ICOs used to be larger than the amount of ETH sold by projects as a result of risk management and burn rate. I think we first need to see the number of ICOs increasing to get to this same situation. For the coming months we will probably see that the number of ETHs burned/sold by projects surpasses the raised funds.

And btw, did you see this one?