Ethereum prices surged today, reaching a new high of over $3,400, but lingering concerns about market volatility continue to keep traders on edge. The US Spot Ethereum ETF saw outflows throughout the week, while expert analysis divides opinion on whether ETH will reach $10k or plummet to $2k. 5% gains have propelled Ethereum’s price up today, erasing some recent losses as the broader crypto market rallied. While this surge offers a reprieve for traders, doubts remain about the sustainability of this momentum, and the future of Ethereum is shrouded in uncertainty. Ethereum price has fallen over 10% on its weekly chart and nearly 21% on a monthly scale – highlighting the volatility that continues to plague the asset. Meanwhile, market watchers are divided on whether the latest surge represents a genuine uptrend or simply short-term relief driven by aggressive hedging strategies. While some experts anticipate a potential breakthrough toward $10,000 in the near future, others warn of a potential price crash down towards $2,000 before such gains materialize. Ali Martinez, analyst on X, sees a clear path toward $10k for ETH, with a first dip to $2k before that happens. However, Ted Pillows, another prominent analyst, believes the recent decline is merely a calm before a potential reversal. With uncertainty surrounding the future direction of Ethereum prices, traders are watching closely as they await clarity on whether this rally will hold or fade away. This week’s data paints a mixed picture with outflows from some major ETH ETFs and continued optimism driving buying pressure.