A rally to $5k is possible for Ethereum, but to be certain we need Bitcoin to get closer to the $64k ATH it established in May.
September is usually a bearish month for Bitcoin, so I don't expect Ethereum to have a breakout in value, even though ETH is burned every day.
The current high transaction fees in Ethereum are due to the high level of NFT transactions. It's like the DEFI wave in previous months.
I don't think Ethereum will wait for bitcoins 65K price.
Ethereum has the potentialIty to surpass 5k. Till now bitcoins price is oscillating between 46K-50K. But already, ETH is near around in its previous ATH. I think if we won't see any further major bitcoin correction within the next couple of months then Ethereum will make a new ATH very soon, most probably this month. Now I'm seeing very fantastic move in Ethereum market, maybe will touch 4K tonight.