what do you think by the sudden move of the Ethereum price not even determining the gas price so high
all day high $3,836.87 and the low $3,540
Do we see 5k Eth price by end of the week or month?
Sitting on $3,139.43 price at the moment per coin which is 2k far on the said price you had been talking into which i dont see that it could shoot up that high in a matter of month but somehow
with the burning mechanics because of that London fork then we can at least presume that it could really make out some significant price effects as the supply would become lesser
and if the demand and recognition would rise up on smart contracts or would stay up then there would be no doubt about those price increases.
Even the demand will start shooting up but still hard to reach that price. I think we have to accept that ETH is no longer in bigger demand as the BSC platform getting into the competition. As we can see now that the market showing some declines, well, recoveries will come next but I don't think this could push the price of ETH to fill more than $2k just to reach the target price.
Conclusion: It seemed impossible but can't be hopeless anyway. As long as the market exists, that comes to possible, maybe next year or next Bullrun. Can't be specific.