Can ETH reach 5k?

Could you possibly enlighten me on whether Ethereum, known as ETH, has the potential to surge up to the significant milestone of 5,000 dollars? Given the volatile nature of the cryptocurrency market and the ever-changing landscape of blockchain technology, it's quite a daunting task to predict such matters accurately. However, I'm eager to gain insights from your expertise in this field. Do you believe that ETH has the underlying strength and momentum to breach this psychological barrier? What factors do you consider crucial in determining its future performance? Your thoughts on this matter would be greatly appreciated.