It hasn't reached $5k yet or is on its way to $5k. If the price movement of the coin in the market continues as it is going on, then Ethereum will reach the $5k price but it will be difficult to hit the $10k price by the end of the year. The increase in the price of the coin in the current market in my opinion is due to the effect of Bitcoin as well.
The target is december of this year, I see ETH really serious and not kidding about this increase even though the effects of major coins like Bitcoin obviously have an effect on all Altcoins including ETH as well, but the target price of $5K is something that very likely for ETH.