For me, Ethereum's price to $7k is too easy to achieve and I predict that Ethereum's price movement will reach $10k in the near future because of the influence of the ETF which might help Ethereum's price movement to reach the target I mentioned earlier.
Ethereum's price of $7k seems very difficult to achieve because of the influence of too much supply, so you have to consider it again. Currently, getting to the price of $5k is still difficult, so getting to the price of $7k feels like you have to wait until the end of the year, because you are waiting for an increase in Bitcoin price first.
In my opinion, ethereum will reach a price of $7K which is reasonable, because we see that the price of ethereum has now reached $4K, and this ethereum ETF has not been approved, if the ethereum ETF is approved, we will see an increase in the price of ethereum perhaps reaching $10K.
If ETH spot ETF is approved, then you are underestimating how much and high ETH price can go.
If you ask me, I would say that ETH have the potential of trading above $15,000 to $20,000 if the spot ETF is approved, but this is if we hit a major bull run though, and bitcoin goes above $100,000 bringing in a lot of liquidity to the altcoins market.
But without an ETF approval, I am expecting ETH to possibly reach a new all time high of around $8000 to $15,000, but again, this is also depend on how heavy the bull run is, and how high the price of bitcoin goes, for the market is still majorly controlled by bitcoin, bitcoin is the coin that beings in the liquidity that shifts to altcoins when bitcoin is done pumping.