The real question isn't about whether we're in a bubble, but rather, when and how much the bubble will pop. This year? 2019? Deflation or explosion?
The fact that there are significant happenings can partially justify Ethereum growth, but the sheer amount of speculation on almost everything else leads me to believe that this one will drop significantly, and quickly, especially with the number of "investors" entirely new to the space jumping in because they see bitcoin or whatever up 3x in a month.