Before $5k first, we need to cross the $4k level, If Etehreum can able to cross $4 then $5k is very easy. For the recent Bitcoin dump, Ethereum also dump. If Bitcoin price did not dump more, I Hope Ethereum will be pump from here. Still, I am very bullish on Ethereum, but my bid still is there at $3k. Ethereum 2.0 is doing very well. There are huge burns happening daily and it's a good sign for the Ethereum community. It will make more demand because the supply reducing and it will make the price higher. Hope 2022 will be a good year for the ethereum holder, Still my target is $10k per Etehreum.
But seeing how big the potentials of ethereum as a smart network, it will always recover even big dumps that may happen along the way. We already know that the chances for price corrections ahead are very big so there might be a tough road for ethereum to finally reach $5k but still expecting that it will be successful before this year ends.