Ethereum's chances of hitting $5,000 by the end of 2024 are looking slim, with Derive's data showing less than a 10% probability. Despite significant inflows into Ether ETFs, the market remains neutral, with calls and puts evenly distributed. Ether is currently trading at around $3,661, needing a 37% boost to reach the $5,000 mark. Some traders remain optimistic, citing structural changes and large ETF flows as potential catalysts for a new all-time high. However, the market remains divided, with opinions varying on Ether's short-term potential.