Ethereum has seen a huge increase in price, thats very nice and I hope it can continue to raise more. Hopefully we will see a new all time high at some point. I think 500$ would be a nice target for the summer.
The target is indeed good at $ 500 because Ethereum is a good token and is in great demand by everyone, but that won't happen in the near future, because at this time Ethereum tokens are still below the $ 300 price, so I think this will be took a little longer to go up to the $ 500 figure.