I don't want to destroy your confidence about ethereum, but right now, hoping the ethereum price reaches $ 500 is enough. many people say that the price of ethereum will again reach its new ATH this year, but the current situation is not very supportive. so, when the price of ethereum reaches $ 500, that's already extraordinary.
Is this based on just randomly picking a number out of the ordinary? I admit, psychologically, $500 is a big figure but we all remember even $400 has been a historical resistance. I would say past $400, $500 is no longer an issue onwards to $700 and $800 before the next point of no return.
To be honest, Ethereum at 400-500$ is huge now. It seems we are back again at the low price of Ethereum when 300$ was a dream! From the Q3 of 2018 to now, Ethereum yet to hit 400$, so, 700-800$ seems a daydream now and 5K USD is just impossible. If the ETH 2.0 works well if the bull run comes then Ethereum may go for 590$, not before!