The price is pretty stable.  The market doesn't know what to do.  I actually predict a downturn and sold 3/4 of my assets after taking some heavy losses from ethereum mostly.  The price bounced back basically to what I sold at overnight as people are excited to buy at these prices but still hasn't risen above yesterday's price.  I still live in the US so taking a loss isn't a big deal.  I'm going to write it off even though it's only a few thousand.  The upside is no longer 1,000:1.  It's 4:1 at best either way so the market is just more boring now or else you have to invest a lot more which is what bitcoin is looking for now: some big investors.  Short sellers are going to get in and out if they're smart.  The price could easily spike upward, but the trend is still down.  All coins are down.  Nothing is really doing well right now so people are not buying ethereum especially for ICOs.  The SECs ruling on blockchain securities might have done a lot more harm to ethereum than I initially thought it would.

Here's the BBC on Gramatik who raised money with an ICO that was later declared an illegal security by the SEC.  https://www.bbc.com/news/42337546  I can't find articles about what happened later on.  Not sure what he was able to keep, but I don't think he got in too much trouble either because it was before the ruling.  It's just a lot harder to do this now publicly now that the SEC ruling has come down.