With over 100k ETH burned after the ETH 2.0 hardfork, the long-term potential to reach the target of 5k$ is very easy. But momentum is needed for bitcoin to go up to $60k
I agree with the reasons. Vitalik has burned over 100k Ethereum and ETH 2.0 makes more hype in Ethereum. This is a big sign that Etheruem price to increase to $5k sooner or later. Now, it is only about time to see Ethereum price reaches $5k. It will be faster if Bitcoin price can pass $60k in the near future. With the effect of Bitcoin price improvement, all altcoin price will increase as well, including Etheruem price. At that time, there is a chance of Ethereum price to be $5k.