It's always a good thing seeing development work happening in a crypto currency. The more, then it strongly suggests that the crypto has great potential for the future, more ADOPTION and will survive. Very encouraging that Ethereum has seen a parabolic rise, suggests that developers are willing to spend time and money on it.

As you say, at some point the bridge between the development and price will be closed. But far higher prices might depend on bullish sentiment in the whole crypto market.