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Warren needs to stay in through at least a couple more states and one more debate. With a mass exodus in the last 3 days it would be foolish for her to simply pack it in. Her path may not be any easier, but now she positions herself as the alternate to "same old" Joe, or "scary loud socialist" Bernie.
But again, she got washed in Mass., so that's the biggest nail in the coffin so far.
You kind of said it yourself she got killed in her own state. At a certain point if she continues she’ll probably lose her senate seat there as well.
She has three real options
1) endorse Bernie, eat a **** sandwich and become his most vocal supporter
2) endorse Biden, eat a **** sandwich and become his most progressive supporter
3) endorse no one until the nominee is decided and throw them both the middle finger