ETH’s Road to $10K Runs Through an Inevitable $2K Drop: Analyst

After another correction on Friday morning, the cryptocurrency market started to rebound as the day progressed, led by BTC and ￰0￱ latter dipped to $3,200 but later jumped to almost $3,500 and is now 4.5% up on the ￰1￱ these short-term fluctuations and ETH’s overall monthly decline, analysts remain optimistic about the asset’s long-term ￰2￱ Martinez, for example, noted that the largest altcoin can indeed break past $5,000 and skyrocket to the next major milestone of $10,000. To do so, though, it might need to plunge once again and clear out the weak ￰3￱ $ETH : $2,000 first, then $10,000. pic. twitter.

com/VIF770mWef — Ali (@ali_charts) November 8, 2025 Fellow analyst CW noted that ETH is currently facing a significant sell wall at around $3,450, which is the first major obstacle on the road to ￰4￱ broken down, the asset might be on its way to $3,660, which is where the next sell wall is ￰5￱ one after that is at around $4,000, shows their chart. $ETH is still breaking through the sell ￰6￱ it breaks through the sell wall, there’s no resistance until ￰7￱ — CW (@CW8900) November 8, 2025 What could spell some trouble for ETH’s upcoming price moves is the behavior of investors using the US-based spot ￰8￱ from FarSide shows that seven out of the last eight trading days have been deep in the ￰9￱ fact, the only green day was November 6, and it saw very modest net inflows of just $12.5 ￰10￱ contrast, $219.4 million was pulled out on November 4, preceded by another $135.7 million on Monday.

Overall, the net outflows for the week stand at $507.7 million. What’s particularly worrying about this trend is that BlackRock’s ETF, which is the largest of the bunch, has seen the lion’s share of net ￰11￱ started on October 30 with $118 million taken out, followed by $38.6 million on October 31, $81.7 million on November 3, $111.1 million on November 4, and a whopping $146.6 million on November 5. Nevertheless, ETHA investors changed their tune on November 6 with a modest $8 million in net inflows, followed by a more impressive $34.4 million on Friday. Fidelity’s FETH ended the business week with a substantial net outflow of $72.2 million, which only intensified the withdrawals from the previous days.