If you checkout the market today you will see that ethereum price has broken 500 resistance which was very important for future price direction of eth, with this break we can expect eth to finally gain momentum that is important for longterm bulls.
Yes, and in general this is a moment that everyone looks forward to with Ethereum tokens, because it has been a long time since Ethereum had a good price increase in the market, but now Ethereum is starting to show that it is still very good to sustain in the long term.
Indeed and if you check the market almost all the coins are failing to match the increase and change that Bitcoin is going through so it is indeed a great sign that ETH is at least making better progress and it is impossible to expect any coin to match the growth that BTC is going through right now. I am glad it broke the $500 mark because I don't remember last time when I saw ETH at 500 if ever at all. Maybe in 2018 the price was highest so this is certainly good for ETH investors.
I hope once the BTC market becomes stable at a price which it has to at some point, then all these altcoins don't start dropping because that is how it goes usually.