Analysts Predict ETH Needs to Drop to $2K Before Reaching $10K
Ethereum might have to endure a drop to $2,000 to pave the way for a climb to the $10,000 mark, according to market analysts.
After experiencing a correction on Friday morning, the cryptocurrency market began to recover as the day progressed, driven primarily by BTC and ETH. Ethereum’s price dipped to $3,200 but subsequently surged towards $3,500, showing a 4.5% increase on that day.
Despite these fluctuations and a noticeable decline in ETH’s monthly performance, analysts continue to hold a positive outlook regarding its long-term potential. For instance, Analyst Ali Martinez expressed his belief that Ethereum can break through the $5,000 barrier and potentially soar to the next major target of $10,000, although he suggested that a fall back to $2,000 could be necessary to eliminate weaker positions.
Ethereum $ETH: $2,000 first, then $10,000. pic.twitter.com/VIF770mWef — Ali (@ali_charts) November 8, 2025
Moreover, fellow analyst CW noted that ETH is currently facing a considerable sell wall at approximately $3,450, which presents a significant hurdle for its recovery journey. If this wall is breached, the price could potentially rise to $3,660, followed by another resistance at around $4,000.
$ETH is still breaking through the sell wall. Once it breaks through the sell wall, there’s no resistance until 3.66k. pic.twitter.com/XE5bNQaUC8 — CW (@CW8900) November 8, 2025
Concerns loom over ETH’s upcoming price movements due to investor actions with US-based spot ETFs. Data from FarSide indicates that seven of the last eight trading days have been significantly negative, with only November 6 registering slight inflows of $12.5 million.
In contrast, a net outflow of $219.4 million occurred on November 4, advised by another $135.7 million on Monday. The overall net outflow for the week amounts to $507.7 million.
Worsening this trend, the largest ETF by BlackRock has faced substantial outflows beginning on October 30, with withdrawals of $118 million, $38.6 million on October 31, $81.7 million on November 3, $111.1 million on November 4, and a staggering $146.6 million on November 5.
However, ETHA investors showed a shift in sentiment on November 6, heralding a modest $8 million in net inflows, followed by an impressive $34.4 million on Friday. Nonetheless, Fidelity’s FETH ended the week with a significant net outflow of $72.2 million, exacerbating previous days’ withdrawals.
