According to recent X post Veteran crypto analyst Ali Martinez could hit an even lower $800 as Ethereum (ETH) prices drop even further, as they risk breaking from rising triangle patterns.
Ethereum crashes to $800?
Ethereum (ETH) has struggled over the past three years and has failed to regain its all-time high (ATH) of $4,878 since November 2021. Meanwhile, other cryptocurrencies like Bitcoin (BTC) and Solana (SOL) surged to new ATHs earlier this year.
ETH has fallen 30% in the past month amid a pullback in the broader crypto market driven by geopolitical tensions and tariff concerns. It has dropped from $2,800 on February 13th to about $1,900 at the time of writing.
That being said, Ethereum Miserable It may still continue. A recent price analysis by Martinez highlights how ETH is traded in the rising triangle, and so far has not been able to decisively break through the $4,000 resistance level.
Major smart contract tokens have collapsed from the pattern, increasing the chances of crashes to $800. The last time ETH was traded for $800 was back in December 2020.
Compared to other digital assets at Ethereum, sub-average price performance is further hampered by the relentless sales we have witnessed over the past few months. a post Encrypted CEO Ki Young JU shows that ETH is facing its highest sales in its first three months of 2025 since January 2020.
Furthermore, recently analysis Another crypto analyst, TED, highlights the similarity between current ETH prices crashes and the surrender candles in March 2020. The analyst said:
You wouldn’t be surprised to see the ETH go a little lower from here and head towards the $1.4K-$1.6K level. But that doesn’t mean that it’s all over. This cycle will result in $10,000 ETH.
It’s possible that everything will not be lost due to ETH
There is considerable pessimism about ETH’s short-term price action, but some analysts suggest that digital assets could soon be Witness Fast price recovery.
For example, Crypto Trader Merlijn The Trader attracted attention on Ethereum’s three-year stochastic relative strength index (RSI) level. Analyst It’s attracting attention Its ETH’s stochastic RSI is selling well, increasing optimism about potential “large gatherings.”
For beginners, stochastic RSI is a momentum indicator that indicates whether an asset is being over-acquired or sold by comparing it to a recent range. It moves between 0 and 1, suggesting that values above 0.8 will be over-acquired, and below 0.2 will indicate conditions of over-selling.
Additionally, Crypto analyst Crypto Yoddha recently It is listed That ETH may already be at the bottom due to this market cycle. At press time, ETH will trade at $1,854, a 1.2% decrease over the past 24 hours.
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