If even half of the ETH tokens deliver on their business cases AND the ethereum blockchain can keep pace with their technological roadmap then this will drive the price of ether up again. Of course my second point must hold since if ethereum cannot scale then token projects with migrate. I do think that the competitors to ethereum will actually drive all projects up. Investors will see the market mature and then we will have a new ATH for all the worthy coins/tokens.
RE: Why Ethereum Will Never Reach Another ATH