I also admit Ethereum this year has been really great, imagine Ethereum surprising a lot of people by hitting the ATH price of $4300. Even though
the Ethereum price is currently down about 23% from the ATH price, we don't need to worry, because Ethereum is one of the top altcoins that can recover quickly.
Ethereum needs to recover to its all time high and it will happen when Bitcoin recovers to its all time high. Bitcoin will have a few more months to do it.
When Bitcoin rallies, top altcoins will follow it first because investors have more belief in top altcoins. Mid and low cap altcoins will rally after top altcoins.
Ethereum is very bullish at the moment with its current price at $3,424. Its getting closer now to its predicted new ATH at $5k and probably by the end of this year, we will witness its new ATH if the market continues to move positively. Price corrections might interrupt along its way but knowing the high potentials of ethereum, it will always recover.
New all time high for Ethereum will depend on Bitcoin. Whether will Bitcoin make its new all time high? If Bitcoin makes it, not only Ethereum but also many top altcoins will make their new all time highs.
I think in coming years, $5,000 is still a too low price for Ethereum. $100,000 for Bitcoin and $20,000 for Ethereum.