If ETH goes to target another high, it can move up to this folds, this current value only showed that supporters are still up for grab, maybe some are shorting but there's also long term holders that will build a strong supports to make sure that the value will be on its uptrend movements while btc
is on its way again to another bull.
I have confidence if bitcoin finds a bull again and starts going up then ethereum will follow it. now the most important thing is that trading on the market continues to increase and maintain its value in the market.
The biggest factor affecting the market is of course bitcoin, when investor confidence increases in bitcoin then automatically altcoins including ethereum also rise, I'm sure that this year ethereum can reach at least $ 800.