Fun

Ethereum Not Out Of The Woods Yet: Why Another 30% Crash To $1,800 Is Coming

News Feed - 2025-06-27 04:06:20

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Crypto analyst Crypto Wave has indicated that Ethereum could witness another significant price crash, presenting a bearish outlook for the altcoin. This price crashis expected to mark Wave C of a corrective move, with ETH dropping to as low as $1,800. Why Ethereum Could Still Drop To As Low As $1,800


In an X post, Crypto Wave declared that the primary expectation remains that Ethereum will see one more leg down in wave c of wave 2, targeting the zone between $1,950 and $1,700. Specifically, his accompanying chart showed that the largest altcoin by market cap could drop to around $1,800.  Related Reading Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000? 2 days ago


The crypto analyst revealed that Ethereum has already hit the 0.5 fib retracement at $2,100, which is the minimum target for a Wave 2 correction. However, structurally, he claimed that this drop still looks like wave A only. Crypto Wave further explained that these ABC corrections are always three-part moves, and that is what he sees forming now for ETH.  Source: Crypto Wave on X


The broader crypto market, led by Bitcoin, has bounced back following the ceasefire between Israel and Iran. Ethereum has also rebounded, having dropped to as low as $2,100 last week. However, Crypto Wave suggested that the current market sentiment doesn’t invalidate this bearish setup for ETH and that it could still witness a deeper sell-off. 


The crypto analyst alluded to the fourth quarter of last year when Ethereum was underperformingheavily while many altcoins rallied. In line with this, he remarked that there could be a repeat of this scenario. However, on the other hand, Crypto Wave claimed that if ETH breaks above $2,880 impulsively, especially in one clean wave, then the correction could be over. He added that this would also put the altcoin in the early stages of a new bull cycle. 2021 Pattern Playing Out For ETH


In an X post, crypto analyst Merlijn drew similarities between the current Ethereum price actionand that of 2021. He stated that the 2021 playbook is repeating, with ETH having a dead count bounce, then a final retest before the parabolic leg. The analyst expects the altcoin to retest the $2,000 level before the massive move to the upside.  Related Reading Ethereum Not Out Of The Woods Yet: Why Another 30% Crash To $1,800 Is Coming 4 hours ago


His accompanying chart showed that Ethereum could rallyto as high as $11,000 on this uptrend. Merlijn had remarked that ETH has more firepower this time around than in 2021, which is why the altcoin could witness such a parabolic move to the upside. Interestingly, based on the chart, this rally is expected to happen between now and year-end.


At the time of writing, the Ethereum price is trading at around $2,480, up over 2% in the last 24 hours, according to datafrom CoinMarketCap. ETH trading at $2,470 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com

News Feed

Strike Arrives in Argentina With USDT Support, No Bitcoin Integration Yet
Strike Arrives in Argentina With USDT Support, No Bitcoin Integration Yet Strike, a bitcoin-based wallet and exchange service, has landed in Argentina, bringing USDT integration to
DeFi Yield Protocol Rebrands as Dypius to Help Users Embrace Metaverse Opportunities
DeFi Yield Protocol Rebrands as Dypius to Help Users Embrace Metaverse Opportunities press release PRESS RELEASE. Bucharest, Romania,12/12/22,
Re-Mining Simulation Shows Satoshi Used a Single High-End PC to Mine 1.1M Bitcoin
Re-Mining Simulation Shows Satoshi Used a Single High-End PC to Mine 1.1M BitcoinCryptocurrency advocates have been recently discussing the mysterious Bitcoin inventor Satoshi Nakam
Polygon CEO says L3s are taking value away from Ethereum, sparking debate
Martin Young5 hours agoPolygon CEO says L3s are taking value away from Ethereum, sparking debateIf all layer 3s settled to one layer 2, Ethereum would capture no value, and its security would be at risk, argues Polygon C
Former Trump Economic Advisor and Goldman Sachs President Gary Cohn Warns Bitcoin May Fail
Former Trump Economic Advisor and Goldman Sachs President Gary Cohn Warns Bitcoin May Fail A former top economic advisor to President Donald Trump and president
Bitcoin Lightning hacker Burak introduces new layer 2 ‘Brollups’
Brayden Lindrea5 hours agoBitcoin Lightning hacker Burak introduces new layer 2 ‘Brollups’The Bitcoin developer says Brollups can support more than 90% of decentralized finance use cases, from NFT sales to token orde
Microsoft AI to make long-term investments in the UK — CEO
Ezra Reguerra1 hour agoMicrosoft AI to make long-term investments in the UK — CEOMicrosoft AI CEO Mustafa Suleyman said the firm plans to make a “significant, long-term investment” in the U.K. as they start hiring
Fed’s dovish move will slash $625M in interest income for stablecoins
Ana Paula Pereira3 hours agoFed’s dovish move will slash $625M in interest income for stablecoinsCCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further
Zhiyuan Sun4 hours agoFilecoin storage utilization surpasses 7% in Q2: ReportAlthough utilization rose, protocol and supply revenue declined, as more providers slashed fees to incentivize adoption.839 Total views13 Total
Mark Cuban Won’t Invest in Bitcoin ETF, Prefers to Buy BTC Directly
Mark Cuban Won"t Invest in Bitcoin ETF, Prefers to Buy BTC Directly The owner of the NBA team Dallas Mavericks, Mark Cuban, has said “no” to investing in bitcoin-base
Ciaran Lyons6 hours agoUsing courts for every crypto issue will squash innovation — Grayscale CEOGrayscale CEO Michael Sonnenshein emphasized the need for a balanced regulatory approach to cryptocurrency to avoid hinde
Turner Wright8 hours agoCollege roommate talked to Sam Bankman-Fried about FTX’s $8B hole on a paddle tennis court: TrialAdam Yedidia, a former developer at FTX, testified regarding his knowledge of the crypto exchange