Ethereum May Need to Drop to $2,000 Before Reaching $10,000, Analyst Says

Ethereum climbed to nearly $3,500 on November 8 after falling to $3,200 earlier in the day, gaining 4.5%. Analyst Ali Martinez projects ETH could eventually reach $10,000, but suggests the token may first need to drop to $2,000 to flush out weak holders. US spot Ethereum ETFs recorded net outflows of $507.7 million over the past week.