There is a lot of positive momentum in the crypto market right now though it remains to be seen how long the momentum will last. Currently, Ethereum is on a bull run. The coin is outperforming the rest making it altcoin of the moment.
The coin has gained over 12% in the past 24 hours and this has helped it cross the $800 mark for the first time since the early weeks of March. As of this writing, Ethereum has a market cap of $79,250,101,351.
source :
https://crypto-lines.com/2018/05/04/ethereum-is-on-a-bull-run/Yep. I'm really impressed with the trend of Ethereum for past 2 to 3 weeks, the growth perspective of this coin is really outstanding. As you mentioned, this coin have increased its price 10% to 12% in a 24 hour period which no other altcoins will sustain or grow this much within this very short period. Even though the price is not stabilized in $800 currently I think it can surge to $1000 in another 2 months maximum.