At the point of this post ETH price is rising. I would not read too much on it as like previously, it's going through another round of pump and dump.
Some rich individuals/group are continually getting lots of profit from buying ETH when it was below $200 days ago and within a couple of hours/days will dump for a handsome profit. And continue this cycle until dunno when.
I'm just gonna mine and hodl/accumulate my coins.