It won't reach anywhere near $500 and we are officially in May right now. So coinbase is just over pricing their stock of coins to sell it off as quick as they can before the halving starts. They know that alot of people are wanting to buy up as much as they can.
well it's not like 500 was never touched, so it's not a mental barrier anymore, when the correct increase will come, the 500 mark will be broken without none noticing it, because we will lead to higher value