Can Ethereum rise to $5000?
It almost touched $5000 before (the highest in 2021 was $4868), and now the market is slowly recovering, with Bitcoin firmly above $30,000. As the 'second' in the market, it certainly has a chance to push upwards.
The key depends on two things: first, technological upgrades (such as Layer 2) that make it smoother to use and reduce transaction fees; there are already quite a few users now; second, more than a quarter of the coins are locked up, significantly reducing the pressure to sell.
But there are also pitfalls: if the Federal Reserve continues to raise interest rates, the money in the market might decrease (it dropped in 2022 because of this); if the upgrades lag behind or if regulatory issues arise, it could be in trouble.
Reaching $5000 is not impossible, but it depends on whether there is enough money and whether the upgrades go smoothly. Instead of constantly guessing whether it can reach that point, focus more on how much assets are stored in Layer 2 and how many coins are locked; these are the signals that can truly reflect price trends. I think it's like waiting for rain; whether it pours depends on how these variables change.
Bitcoin has broken its historical high, and ETH has reached a new high this year! This evening I will make another move internally! I have already gone all in. There are still 15 spots available internally, sign up directly!!!
