According to a recent X job By the experienced analyst of Crypto Ali Martinez, Ethereum (ETH) Price could cope with an additional drop because he may decompose an upward triangle model – potentially crash up to $ 800.
Ethereum to crash at $ 800?
Ethereum (ETH) has had trouble in the past three years, having failed to recover its summit of all time (ATH) of $ 4,878 from November 2021. Meanwhile, other cryptocurrencies like Bitcoin (BTC) and Solana (ground) have reached a new ATHS earlier this year.
In the midst of a broader withdrawal from the cryptography market motivated by geopolitical tensions and pricing concerns, the ETH fell 30% in the last month – from $ 2,800 on February 13 to around $ 1,900 at the time of the editorial staff.
That said, Ethereum misfortune can still continue. A recent price analysis by Martinez underlines how the ETH has negotiated in an ascending triangle, and has so far failed to decisively unravel the level of resistance of $ 4,000.
The main intelligent contract token is now broken down from the model, which increases the possibility of an accident at $ 800. The last time ETH exchanged $ 800 was in December 2020.
The performance of the lower average prices of Ethereum compared to other digital assets are still hampered by the incessant sale that it has witnessed in recent months. A job By the CEO of Cryptoque, Ki Young Ju, shows that since January 2020, ETH has been faced with the highest sale in the first three months of 2025.
In addition, recent analysis By another crypto analyst, TED, emphasizes the similarity between the current ethn prices crash and the capitulation candle in March 2020 due to the cocovid pandemic. The analyst said:
I would not be surprised if ETH becomes a little lower from here to a level from $ 1.4,000 to $ 1.6,000. But that doesn’t mean everything is over. $ 10,000 from ETH will occur this cycle.
Everything may not be lost for Eth
Although there is considerable pessimism as to the action of short -term ETH prices, some analysts suggest that digital assets could soon witness A quick price recovery.
For example, the Crypto Merlijn The Trader trader drew attention to the level of the Relative Stochastic (RSI) of Ethereum. The analyst note The stochastic RSI of the ETH is considerably occurring, which increases optimism for a potential “massive rally”.
For the uninitiated, the stochastic RSI is a momentum indicator which shows if an asset is exaggerated or occurred by comparing the RSI to its recent range. It moves between 0 and 1, with values greater than 0.8 suggesting a surrahat and less than 0.2 indicating occurrence conditions.
In addition, Crypto Yoddha, recently Crypto analyst declared This ETH may have already reached the bottom for this market cycle. At the time of the press, ETH is negotiated at $ 1,854, down 1.2% in the last 24 hours.
Star image of Unplash, X graphics and tradingView.com
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