Such an outcome of events is quite possible. I predict a large increase in altcoins at the end of next month or at the end of June. This happens from year to year.
The market is now back up, but ETH does not cross the $ 700 mark. That is something that I find suspicious in this market, last week the price of ETH rose very high, but to the $ 700 threshold has stopped and fluctuations increased very slightly. Maybe not be able to rise higher in the future.
It's down again actually now (btc decreased to $9.2k along with other altcoins).
Why you are pessimist with ETH? it will be back to $1000 again even higher than that, just wait for it