This is not financial advice of any kind.
Yes, that is a very probable scenario.
As I said before until ETH 2.0 upgrade, Ethereum is probably the safest bet out there.
It’s getting more scarce each day with a burning mechanism, it is still Proof of Work blockchain and more than 30% supply locked until ETH 2.0.
Although I still believed that Ethereum will reach at least $5,000 or more by the end of 2021, there are no promises or guarantees here. I am bullish on ETH by the way, as it is my major holdings in my portfolio right now. If not, they could touch down at least $4k once again.
True, ethereum has a chance to reach $ 5000, currently the price of ethereum is around $ 3000 and to reach $ 5000 I can be achieved this year, we can see that ethereum is a coin that continues to rise and is not too dependent on bitcoin, as evidenced in a week bitcoin drop over 15% but ethereum only dropped 6%, and today it is up more than 3% while bitcoin is down 1%.