That said, could this finally be the year we see ETH hit $5K?
ETH prices are rising, but gas fees are also rising, right? So as long as gas fees remain unresolved, it will always be a concern, even with Layer 2. This does not allow ETH to solve the trilemma that Vitalik has been targeting. When talking about ETH, there are many things to consider, not just the price but more about how efficient the network is.