We have to wait and see before rejoicing because if eth breaks 500 only then we can see real breakout before that it is all range trading as recently eth has hit 450 to 480 range so a break above is very important.
I think it should be $420 first, next 450 and 480. If we can break 480 ETH may straight touch 560! It's just my opinion according to chart. All alt pump a lot except ETH since last biggest dump! So there is a good chance of big movement.
It's not even at its 3m high so for now the pump is really small for a news this bigh.
I expect it to at the very least touch the yearly high of 480 USD. If it doesn't it's going to be strange.
The only explanation for ETH not going to 500 would be that BTC is pumping even harder and people are selling all their alts to join the rally.