Will Ethereum hit 5K?

Could you please elaborate on the prospects of Ethereum reaching the 5K mark? Given its current performance in the market, is there a possibility that it could surge to such a high value? What factors might contribute to this potential increase? Are there any challenges or obstacles that could hinder its progress? Also, could you provide any insights into the overall trend of Ethereum's price movement in the recent past and how it might impact its future performance? Thank you for your insights and expertise in this matter.