Nowadays I don't really believe on price forecasts and press releases on crypto markets as they often disappoints expectations of the people. But assuming this is true, then I believe that not only Ethereum will flourish but all the other major alts as well!
In fact even right now, I don't think Ethereum is bullish but considering its overall network value and its ever growing ecosystem, then there is a very high chance ETH's price could recover in a matter of months and even reach its ATH before, its just that we don't know yet the exact time frame on when this will likely to happen again, hopefully very soon!
Most technical analyst that I have seen predict prices for some of these coins are just speculating too without full assurance as I don't believe that in a place where there are no fundamentals, technical would not work. It is when we have so many factors that will assist the rise of bitcoin such as positive news that T.A can pick signal based on people's intention and actions on the market to forecast future occurrences.
Imagine that I am here now, and I don't see anything that will interest me in making investment in a particular coin, and I didn't do so, how would technical analysis function? It is when I see something that will encourage me to make a move to invest and I did that TA can work. People just need to do more of awareness creation than just predicting, we need real people to come and make an investment in altcoins.
Are you referring to actual applications of a particular coin in the market?
If they don't have one, how can you speculate if it is based on nothing. I agree with that.
It is truly hard to speculate on things if you don't have solid references at all.
But with regard to ethereum, I have high hopes on this platform.
I have confidence that they will implement what they are planning this coming 1st quarter of 2020.