Yes, good, detailed analysis. But ... And again, everyone is looking at the price in $. I see only a steady downward trend against BTC. I would have no illusions.
Only when ethereum becomes a self-sufficient coin, independent of the trends of the entire market, can we be based on the dollar price.
Outside bitcoin no coins can be independent of the market as all the coins are depending on bitcoin for growth and that is not encouraging for altcoin traders. I see many coins that were increasing in price during the 2017 boom but now those coins cannot stand on there own and there needs funds inflows from bitcoin for growing in pricing. Remember that bitcoin dominant has increased from 53% end of last year to 66% this as at yesterday and that means no matter what we expect from ethereum it will still be subject to what happen to bitcoin.
