Can Ethereum reach $100 000?

Could you please elaborate on the possibility of Ethereum attaining a value of $100,000? Given its current market capitalization, scalability, and competition within the cryptocurrency sphere, how realistic is this projection? Are there any specific factors or events that could potentially catapult its price to such heights? Additionally, what are the potential risks and challenges that Ethereum might face in achieving this milestone? Could you also provide insights into the current sentiment and market trends surrounding Ethereum, and how they might impact its future price movements? Thank you for your considerations.