Between February and March the Crypto market plunged along with nearly everything else in the world. People were panicking and selling anything considered risky, cash was king. This allowed us to see a worse case price, a base price.
Before Covid we didn't know what the lowest price, say Ethereum, could hit. Now we can have some confidence that the base price is near $100.
This is very different from before when we had no base price for any crypto. While that may imply that the price could hit $100 in this fall. It is hard to imagine an event like covid effecting the markets anytime soon so we can say that the base price is above $100.
How far above $100 is the real question. But the difference of knowing you have a base and not, should not be underestimated.
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