Ethereum struggles to maintain $4k amidst market volatility

Ethereum (ETH), a cornerstone of the cryptocurrency market, has recently experienced volatile shifts, notably a 6% price drop before a cautious recovery.

Currently grappling to maintain its stance above the critical $4,000 mark, Ethereum’s position appears precarious, reflecting broader market uncertainties. This development occurs amidst Ethereum’s significant growth, with a 60% increase over the past 30 days, raising concerns and expectations about its near future.

ETH price fails to hold $4,000

Ethereum’s struggle at this juncture is underscored by its failure to solidly surpass the $4,000 threshold, a psychological and technical battleground for the cryptocurrency. This has instigated a wave of speculation regarding its short-term prospects, even as Ethereum remains a pivotal figure in the blockchain domain.

Could Ethereum hit $10,000?

As the Ethereum price falters, predicting the ETH price for 2024 becomes difficult. While the ETH price has enjoyed a positive start to 2024, surged over 60% in 30 days, it’s clear that sentiment in the ETH price prediction is unstable.

Will ETH hit $10k? It’s unlikely given ETH’s impressive performance to date. Investors could seek to cash in on their ETH profits.

If we had an ETH project to make for 2024, we believe the ETH price could rise to $5k in 2024 before settling around the key support levels of $4.1k.

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