As of late my outlook has become as 'leaning towards' bearish. That being said, I still believe that we will see ATH before the end of 2019.
What I think is that, first this ETF mania has to loosen its grip over the market. We all know how emotional(read volatile) the crypto markets are. As far as I am concerned the ETF's may or may not bring about the bull run we were hoping for but there is another thing that I am hearing less and less about.
That is mass adoption. There are quite a few factors that have to come together to make that happen. Obviously I do not even know them all, let alone try to list them all. I know that mass adoption is one thing that can't be beaten by any force here.
What I am hoping from ETF's is to actually bring cryptosphere into a more a confident position. From there mainstream adoption can be an achievable target.