Last time there were reasons which pushed Ethereum's price that high but this time I wonder what will make happen same. I fairly expect maximum $1k in case of repeating pattern of altcoin markets because this time market cap will be divided among more than one players. This doesn't mean Ethereum's importance is less but it isn't same powerful too. What is being worked on in Ethereum others are delivering before it.
Yes, ETH does have lots of competition this time but ETH still has an upper hand because this time financial institutions will play a major role in the bull run.