I am sure Ethereum will hit 5k but after may, because I think Bitcoin will not recover soon it will take some time and altcoins also will follow Bitcoin so ethereum can hit 5k after market stable.
It can recover soon but we will never know how big the recovery will be. I agree that it will take some time until it finally recovers again.
Ethereum has to double and more if you're targeting $5k. But it will really take time before we see those numbers for Ethereum. A $5k or $6k Ethereum could take a lot of time before it happens.
It has broken $4k but it all ended there temporarily.
No one will ever know how fast Ethereum will recover, but it is certain that Ethereum will recover. We just need to be patient waiting for Ethereum
to recover, but if we look at the Ethereum price decline that is quite deep. It looks like Ethereum will take a little while to get to $ 5k or $ 6k.
And the increase in Ethereum is also very dependent on the movement of Bitcoin, so we have to wait for Bitcoin to recover too, so that Ethereum
can recover soon.
Once bitcoin recovers, eth can very well recover too. If btc has not crashed, I think, eth should be in the 5k level by now. But unfortunately, we need to experience the correction. This is part of the market and we can't stop it from happening. But with so many organizations involved in the crypto market, I strongly believe that we will bounce back very soon. Waiting also for the gas efficiency in eth to be totally addressed. Maybe, once this has resolved, eth will soar its price.