The post ETH News: Ethereum Price Drops But Traders See Potential $10K Rally appeared on BitcoinEthereumNews.com.

Ethereum price drops 8% to $3,940, but traders predict a potential ETH rally to $10,000 if key support levels hold.   Ethereum’s price has dropped by 8%, falling to $3,940, but traders remain optimistic.  Despite the recent correction, many analysts believe Ethereum is preparing for a breakout to new all-time highs, with $10,000 as the target. The current support level is crucial, and as long as it holds, Ethereum could be poised for a major rally. Ethereum Price Faces Short-Term Correction Ethereum price experienced a sharp 8% drop on Tuesday, which led to significant liquidations.  Over $650 million in leveraged positions were wiped out across the crypto market, with $114.5 million from Ethereum long positions. The drop in ETH’s price caught many traders by surprise, especially with the largest liquidation occurring on the OKX exchange for $5.5 million in ETH. However, market analysts are not overly concerned. The correction is seen as a natural part of Ethereum’s price movement, with traders expecting it to test key support levels. Ethereum’s price is holding around $3,940, with critical support sitting near the $3,800 level.  The liquidation heatmap indicates strong buyer interest in this range, suggesting that the ongoing correction could soon find a floor. Bull Flag Pattern Suggests $10K Target Despite the drop, Ethereum continues to trade within a bullish technical setup known as a bull flag.  The pattern is formed when a strong price rise is followed by consolidation in a down-sloping range. Ethereum is now retesting the lower boundary of the flag, which currently sits around $3,870, serving as immediate support. According to technical analysis, if Ethereum breaks above the upper trendline of the bull flag at $4,440, the price could continue its upward momentum.  #ETH breakout is loading… And it could melt faces pic.twitter.com/PPT2MXHd4H — Titan of Crypto (@Washigorira)…

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Filed under: News - @ October 15, 2025 2:24 am