I feel this year we can see ethereum back at $1200 because more and more people join DeFi projects and that's why I think it will be a bullrun . But as we know every investment has their own risks
$ 1200 is too fast for the current ethereum price even this year, even though the market is bullish, the price will not increase that fast, it needs to process and slowly to get it, about Defi there are still many scammers taking advantage of it, but I think we need to touch it $ 600
Of course there are still many calculations if the price is $1200. I see that ethereum is going up but slowly. There will always be a price correction before it goes to the moon and the current price is already very good.