Ethereum Getting Ready for $8,500 Price Level Up Next?

[Btceth01]

Optimists expect the cryptocurrency to reach $10,000.
The ETH price has been rapidly rising to new highs.
November has started well for numerous cryptocurrencies. The whole crypto market cap is nearing $3 trillion. Meanwhile, the second-largest crypto is catching the attention of crypto fans. Ethereum investors are ecstatic, while detractors are left out in the cold. The digital currency reached its ATH just before press time. The ETH price has been rapidly rising to new highs. Leaving fanatics amused by its gains. Sections expect the cryptocurrency to double in value shortly.
The leading altcoin is on a spectacular rise, reaching new milestones daily. Despite the network’s expensive gas rates at 91 gwei average and 93 gwei high, the current spike occurred. As a result, netizens anxiously await ETH 2.0’s resolution.
However, reliable sources claim that every day On-chain net exchange flow of Ethereum is up 23.1 M. A 6-month high has been reached in the quantity of ETH supply last active 1y-2y (1dMA). ETH futures short liquidations recently hit a 6-month high of $7,814,434.01 on Binance. The previous 6-month high occurred on September 1, 2021.
Moreover, the Ethereum hash rate reached at $1,014,230,266,415,220. Ethereum mining difficulty just increased to 11,028,173,704,939,400. Which is up from a week ago. At press time, the NFT space had burned about 799,386 ETH. source

[WitLink]

I'm optimistic Ethereum will get to $10k, but I don’t think it will do so this year.

[pelana vreo]

I'm optimistic Ethereum will get to $10k, but I don’t think it will do so this year.

What causes ETH to reach $10k buddy? Can you give me some confidence so I can hold ETH longer, Is it because the EIP system currently running burns every ETH on every transaction, because I would love to see Ethereum network gas fees go down when ETH prices go up.

[Noverteno]

Something not entirely clear is going on in the cryptocurrency market now. The price rises and immediately falls sharply, then rises again and falls again. After the recent rally, the bitcoin price has dropped to the current $ 56,500, while ethereum has dropped to $ 4,042. Given this price situation, it is difficult to speculate about the future price of Ethereum at $ 10,000.
It remains a little over a month before the New Year, and we can only boast that for some time we saw a cryptocurrency with a high price. In the meantime, the hope for the fourth quarter has not been justified.
Ethereum, of course, will someday hit $ 10,000. But it will be some time after the complete update of the ethereum network.