Ethereum’s Price Plummets: Will It Reach $10K or Dip Below $1K?

Ethereum (ETH) is experiencing a significant downturn, dropping to its lowest point against Bitcoin (BTC) in five years. The token has witnessed four straight red monthly candles and hit a new low, raising questions about its future price trajectory. 2023’s Q1 performance has been bleak for ETH, with a sharp quarterly decline exceeding that of Q2 2022. Analysts are divided on whether the coin will rebound to reach $10,000 or fall back to the lows of last year’s bear cycle.