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 ETH. The latter dipped to $3,200 but later jumped to almost $3,500 and is now 4.5% up on the day.

Despite these short-term fluctuations and ETH’s overall monthly decline, analysts remain optimistic about the asset’s long-term prospects. Ali 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 hands.