Crypto community has themselves to blame. Most of us don't do their due diligence, and just throw money on every hyped ICO.
And look what is happening, every time Eth is trying to go up, EOS is dumping more eth on market. And why not, they have several hundred thousand of eth, given by us, to be dumped on us.
We as a community has brought this upon us. By giving hefty money to the Bancors and tezos and EOS'es. Do not ask, why market is in red, ask yourself what you did wrong.
ICOs just is a small ingredient in cryptocurrency market and it can't make the market bearish trend at now, the main reason make that is the growth value of cryptocurrency in 2017 very fast, unstable and risky when invest long-term. As a bubble and now is the time for breakdown bubble growth