I really think ETH is going to $1000 and Bitcoin is going to $10000 after things have settled this summer...
does this effectively mean ETH at $1000?
No, it shouldn't mean ETH at $1000 because there is simply no reason for it to be that high. As a development token I am surprised that it has even hit the price it has, hovering in the mid $200s, and aside from that I can't see the uses of ETH beyond smart contracts and other development uses. But that's none of my business as to why a market pushes a token so high.
As for Bitcoin hitting $10,000 this summer, that's doubtful beyond imagination. Maybe, at the very best, assuming there is a ton of new money flowing in, it may break $5,000 but even that is a pipe dream. You could maybe see $3,000 being broken realistically, but beyond that you're starting to stray into territory of idealism and not reality. Of course, I could be very wrong about that.