Definitely. When Segwit gets locked in on 9th August or so i would expect that price will only continue soaring. This is definitely not the ATH for this year, in my opinion. Currently though it is just under $3200, meaning that price is stabilizing and not climbing crazily like yesterday anymore.

It is probably just taking a breather at the moment, and it's going to go up in another bull wave very soon. I think that people are anticipating the outcome of locking in Segwit to be positive, that's why the price has gone up so much.

After SW gets activated, we no doubt will see something like $3.5k at the least. If you take into account the fact that BCH seems to be dropping like hell, and will probably continue to do so, I wouldn't be surprised if $3.7k was hit by end of the month.