Ethereum Price at Make-or-Break Point: Rally To $10k Or Crash To $2k?
The post Ethereum Price at Make-or-Break Point: Rally To $10k Or Crash To $2k? appeared com. Key Insights: Ethereum price surged more than 5% today and traded at $3,400. The US Spot Ethereum ETF has once again witnessed an outflow on November 7. Analyst highlights ETH price’s path to $10, 000, which has caught the eyes of traders. Ethereum (ETH) price has recorded a surge of more than 5% today, indicating renewed confidence of traders in the digital assets space. The broader crypto market also rallied today, erasing some of the recent losses, and the market cap soared to $3. 46 trillion. However, despite the surge, some market watchers are still awaiting further cues on the market fundamentals before placing their bets. For context, the crypto market, including BTC and altcoins, has recorded massive selling pressure recently. This has spooked the traders, with market participants now evaluating whether the market volatility will sustain. Amid this, a renowned expert has fueled optimism, predicting a potential Ethereum (ETH) price surge to $10, 000. At the same time, the analysis has fueled discussions, as it predicts a likely Ethereum price crash to $2, 000 in the journey to $10k. Besides, another expert has also highlighted the key factors that might help drive the price higher in the near future. Ethereum Price Recovers After Losing $3. 2k Support ETH price today surged 5. 10% and exchanged hands at $3, 445 at the time of writing, witnessing a slight decline from its 24-hour high of $3, 482. It’s worth noting that the trading volume of the token also rose 9% to $41 billion, suggesting an improving buying pressure in the market. The latest recovery has provided some relief to traders, especially after the recent massive crash in Ethereum price. This week, ETH has neared the $3, 100 level amid a heavy selling pressure across the financial markets, let alone the crypto space. With today’s surge, CoinGlass data showed that Ethereum.