Ethereum (ETH) Near Key Breakout Zone: Is $10K on the Horizon?

• Ethereum shows 16% weekly appreciation and is building up a bullish Descending Broadening Wedge chart pattern. 
• Technicians look for potential breakout through key resistance as the coin seeks new all-time highs. 
• Its price is supported by rising institutional interest, DeFi growth, and bullish sentiment in the market. 
• Experts estimate the cycle peak at $8,000-$10,000 if the existing momentum is continued.

Ethereum is on a positive price trajectory and experiencing a surge in its value, in line with the entire market. Over the last 24 hours, its price is up by 0.97%, and interestingly, looking at the last week, the coin gained a 16% surge. 

Overall sentiment in the market is bullish since Bitcoin is on its upswing and trying to touch its ATH at around $123,000. Such a rise in price has influenced the entire market, even the altcoins like Ethereum. 

Currently, ETH is trading at $3,680.38 with a 24-hour trading volume of $38.71 billion, down by 13.72% over the last 24 hours. The coin has a market capitalization of $443.5 billion, which is up by 0.95%.