So… how long until we see $5K ETH?
Maybe this month, ethereum might get to all-time high and maybe rise above $5000. Who knows if the price will fall after. It is having its time now, people are focusing on it but later all will die down in a way that the dip is not going to be easy at all. But for now, $5000 is possible.
Usually when capital inflow from institutional players are going in and in a huge scale, it will hardly go down, just like bitcoin. These are undeniably passive investor who don't have paper hands, they bought when they low and they are still buying.
I'm leaning more toward ETH going to $5k than it's dumping but right now it's facing correction. As long as BTC didn't just go straight down ETH will be fine.
So what I'm observing right now is the price action of bitcoin, if there's sudden massive dump happens then ethereum won't be let alone. The interesting things though, that ETH have shown some sign of decoupling in its price action against bitcoin. But not too often.