Ethereum have got its own market, in terms of usage. However in terms of price movements there is more dependence over the Bitcoin. As a result ethereum reaching $5k is much on the growth of bitcoin. Recently there is unparalleled market moves and the same changes after a short. For sure $5k is reachable considering the price ethereum have reached by now, but when this gonna come to reality depends on bitcoin price increase.
It's true that Ethereum includes projects that have real uses, even the Ethereum network is still very much used by many people. But regarding
the issue of Ethereum price movements, it is really affected by Bitcoin price movements, if Bitcoin prices can continue to rise, usually followed
by an increase in the price of Ethereum. So if we expect Ethereum to hit the $5000 target, that means Bitcoin has to hit new ATH. And if we look
at the performance of Bitcoin, which continues to be bullish, it is not impossible that the price of Bitcoin will continue to rise until the end of this year.
Then this will make the price of Ethereum also increase, my prediction is if Bitcoin manages to reach the price of $100k, then the possibility of
Ethereum could reach a price of $ 5000. So we have to be patient holding Ethereum if we really expect the price of Ethereum to reach the price of
$ 5000. I am very optimistic that Ethereum's target of $5000 can be achieved this year.