Upcoming developments on the Ethereum blockchain could postpone the projected bull run we have waited so patiently for. It can be assumed that the ongoing influx of capital due to token sales during the 2017 bull run had a larger part to play in the FOMO then previously realized. In 2017, international streams of investments would pile into almost any token sale regardless of working product, whitepaper, or if the project was even legit, talking about you Bitconnect.
It would not be far fetched to say that Ethereum could easily trigger the next bull run as well. Clearly from the most recent Bitcoin price flux, there was not enough pressure to create altcoins to follow. This could be due to the fact that the Bitcoin price is heavily manipulated on fiat to crypto trading pairs and not as much influenced by crypto to crypto trading pairs. This may become a stronger case as the markets develop and financial vehicles begin to open up to the more traditional markets.