Not only Etherum I believe every coin will bounce back
Even bitcoin is bouncing back
And Etherum has been steady of late with good movements
Also Etherum should go towards 1000$ by the end of the year
Eth going to $1000 by the end of the year might not be achievable, unless ICO investing returns back, currently there has been a low turn out of ICO investing and people are beginning to go back to trading altcoins