Can Ethereum reach 100k?

Could you please elaborate on the likelihood of Ethereum reaching a value of 100,000? Given its current performance, blockchain technology advancements, and the broader cryptocurrency market trends, how realistic is this projection? What factors would contribute to such a significant increase, and what obstacles might hinder its progress? Additionally, how does Ethereum's potential compare to other major cryptocurrencies in terms of reaching such high valuations? Thank you for your insights.