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.
I also think so too, since it is the second best coin available in the market and the second choice of investors anytime they pump money into bitcoin market will be ethereum, which is why we see that most time, anytime bitcoin increase, ethereum and some other top coins too follow.
Most investors tries as much as possible to diversify during investment and they dont put every fund that they have for investment into bitcoin alone, they always think of another great coin to invest in, so ethereum, then gets the boost along with bitcoin every time it rises or every time we get another new investors, I hope we get more investors of bitcoin for ethereum t be able to reach that goal.