Experts Predict Ethereum's Rebound to $10,000 Despite Price Crash

Ethereum has seen its price tumble below $2,200 amidst a sweeping market pullback. The withdrawal of funds from spot Ether ETFs points to faltering institutional confidence. Despite undergoing a drastic 50% decline over the past six months, industry analysts suggest this moment might spark a new opportunity for Ethereum accumulation. Crypto Patel, a well-known market analyst, commented on Ethereum’s significant decline from $3,850. He had previously warned that a drop below the $3,500-$3,600 threshold could present a major downturn risk. Subsequently, Ethereum slid to roughly $2,200, affirming Patel's bearish outlook. In the aftermath of this sharp correction, Patel advises looking at Ethereum dip-buying as a strategic move. With his initial purchase around $2,200 already in play, Patel also mentions plans for further buys between the $1,850 and $1,550 levels, indicating confidence in Ethereum’s support at these points. “Ethereum's long-range trajectory is optimistic,” states Patel, who envisions price goals soaring to $10,000, $15,000, and ultimately $20,000. He notes that such massive strides aren't unusual throughout robust altcoin cycles. Patel, observing multi-year charts, identifies an upward trend channel that Ethereum appears to be adhering to. This alignment around the $2,200 mark suggests an accumulation phase, setting the foundation for a potential escalation toward the $15,000 barrier.

Short-Term Outlook: Mixed Signals for Ethereum

Despite a bullish long-term forecast, a cautious view persists about Ethereum’s short-term trends among several market observers. An analyst named Ted Pillows emphasizes the significance of the $2,200 zone as a pivotal point for accumulation. From here, Ethereum has bounced back, trading at $2,322. According to Pillows, Ethereum may rally to $2,500 if it holds the $2,200 mark. He warns that a failure to maintain this level might lead to a further drop, potentially reaching the $1,700 to $1,800 range. Should Ethereum surpass the $2,500 line, Pillows anticipates a brief relief rally in the vicinity of 10% to 15%, pointing toward potential stabilization following recent advances. While market volatility persists, these potential upward movements may offer short-term investors a sense of reassurance.

Corporate Strategies: The Case of BitMine's Ethereum Holdings

In a surprising move despite Ethereum's 25% price drop over the month, Tom Lee’s BitMine Technologies continues its strategy of accumulating Ethereum. The company is facing unrealized losses exceeding $6.5 billion on its Ethereum buys. BitMine’s average Ethereum purchase price stands at $3,883 per coin, while the cryptocurrency currently trades at $2,300. Yet, Lee's resolve remains unwavering, adding over 41,788 ETH to their portfolio within a week. Lee's reasoning is that "the price of ETH is not reflective of the high utility of ETH and its role as the future of finance."

Conversely, major players such as "BitcoinOG (1011short) whale" have been liquidating their Ethereum stocks in significant volumes, transferring 121,185 ETH valued at $292 million to Binance. Blockchain records indicate that part of the proceeds was converted into stablecoins and used to settle debts on the Aave lending protocol. This varied approach highlights the differing strategies being employed within the market, with some continuing to see long-term value despite short-term downtrends.

Source: Buy the Ethereum Price Crash to $2,000 Says Expert, Citing $10K Long-Term Target appeared first on The Market Periodical, 2026/02/03.