Will Ethereum Smash $10,000 In Bull Run Surge As JetBolt Growth Continues?

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Over the past week, Ethereum’s price has hovered between $3.2K and $3.6K, fueled by notable ETF inflows. On November 27, 2024, ETH ETFs recorded $90.1 million in net inflows, pushing the cumulative total to an impressive $467 million. BlackRock’s Ethereum ETF (ETHA) leads the pack with a $300 million weekly net inflow, overshadowing Fidelity’s $120 million inflow and Grayscale’s $27.75 million outflow.

While a rally to $4,000 is a more realistic goal, hitting $10,000 might require stronger market catalysts. On the flip side, unfavorable market conditions as the RSI at 64.06 near the overbought territory, indicating a potential cooldown ahead, could see ETH retracing to the $3,000 range—revisiting October 2024 levels before its November rally began.

So, will Ethereum defy the odds and shatter $10,000, or will it face a temporary cooldown? The next steps in ETH’s journey depend on market conditions.

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