Brand: ETH will fall to 800$

Peter Brandt, a well-known figure in financial markets with decades of trading experience, recently shared a bearish outlook for Ethereum (ETH). He highlighted the formation of a head and shoulders pattern on Ethereum’s long-term price chart—a classic indicator that often signals the start of a downtrend. If this pattern completes and confirms, Brandt suggests Ethereum could see a major sell-off. According to his analysis, the key level to watch is $1,500 . If Ethereum’s price breaks below this point, it would likely confirm the bearish pattern, setting up a potential decline to around $800 , a level not seen since mid-2022. This would mark a significant correction from current levels and could shake confidence among investors. While Ethereum has shown strength recently, riding on optimism around potential ETF approvals and broader crypto market recovery, Brandt’s warning serves as a reality check. He emphasized that this bearish scenario is not guaranteed, but based on traditional chart analysis, it’s a real possibility. His prediction has sparked renewed discussion among traders and analysts , some agreeing with his cautious stance, while others believe ETH still has room to grow. For now, market participants are closely watching how Ethereum behaves near the $1,500 support zone. A bounce could invalidate the bearish setup, while a decisive breakdown might trigger the kind of steep drop Brandt is forecasting.

Source: Coinpaprika