It may just be a bull trap, hate to be the spoiler but here's the truth:
Many ICOs are still holding on to their ETH raised from ICO. If they choose to cash out, they could easily suppress Ether's price. However, I do not wish for that to happen either, as i have a big portion of my portfolio in ether.
Yes, you are right, it's too early to be intoxicated. We shold understand that many of the projects that ICO were completed in 2018 were trapped. They are waiting for a return to their prices, in order to have enough money to continue their work. This may create resistance to the growth of the
ETH price.