Looking at it objectively, with the 10 points deduction:
- everton are now 19th in the table of 4 points. That's joint bottom with Burnley
- to get out of relegation to 17th requires only 2 points. Luton currently occupy this position on 6 points
- relegation battle looks to be a 5 horse race from 16th to 20th. The points difference between Bournemouth, Luton, Sheffield United, Everton and Burnley is only 5 points
- of the 5 teams mentioned, only Everton were single digits goals conceded on minus 3. Next to them is Luton Town which is on minus 12 points. So if it came down to goal difference, chances are Everton will survive
Changing my previous stance, I think Everton could actually survive the drop. Form needs to good come now to Xmas to not get into a slump following the news