Ethereum has experienced a challenging period recently, with a notable 15.8% decrease in its price, bringing it down to $3,979.48. This decline has cast doubts on the potential for Ethereum to hit the $10,000 mark in the foreseeable future. In addition to Ethereum's price woes, the crypto market has seen substantial liquidations totaling $1.5 billion in the last quarter, further dampening the enthusiasm for Ethereum.