Well its possible because anything can happen in crypto. Its been months since the price of eth improved together with bitcoin but it didnt last long.
Eth is following the movement of btc and it seems there's no good news that can make the price increase for now until the launching of eth 2.0 but we are not certain how can this upgrade affect eth positively.
In no doubt that the upcoming ETH event will have a positive result especially to the price. It feels that the Ethereum price may walk again in the alley going high. Hopefully, it helps also to the other altcoins and the entire market improvements.