Yes surely it is a bullish signals. This year is going to be great for the altcoins as we can see some of the major altcoins like BNB, XRP, ETH, etc have already started showing us some growth which might even bring the bull runs closer. Breaking $200 barrier for Eth was not at all a easy task and ETH was really struggling to go beyond. Even bitcoins are much closer to $10,000 which have made a lot of people expect the arrival of bull runs.

There might perhaps be a dip before the alts can make a boost so yet I am hoping that the price for eth might go below $190 before it could start pumping above $250. Hope we all are able to make extreme profits from these markets in the financial year 2020 as this is really going to be a great year for the cryptocurrencies.