Crypto analyst Crypto Wave has indicated that Ethereum could witness another significant price crash, presenting a bearish outlook for the altcoin. This price crash is 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? 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. 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 underperforming heavily 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 action and 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: Market Expert Who Predicted Ethereum Price Crash At $2,800 Reveals What’s Coming Next His accompanying chart showed that Ethereum could rally to 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 data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Ethereum’s price action in the past 24 hours has been characterized by a fall toward $2,100 before rebounding to the upside very quickly. Ethereum’s price dropped to $2,130 in the past 24 hours on crypto exchange Coinbase amidst a broader fall in the crypto industry, which also saw Bitcoin break below $100,000 very briefly. Despite the sudden Ethereum price correction, analysts have presented arguments that hint at a strong Ethereum rally once this current downturn is complete. Notably, their projections are not short-term, and one of them puts Ethereum’s next major target around $6,000. Wave A Complete, But Downside Likely Before Rally The first detailed analysis came from @CryptoWaveV, a trader who uses Elliott Wave Theory to forecast market structure. According to his recent post, Ethereum’s price has now completed what he considers to be wave A of a larger corrective structure. His chart shows Ethereum breaking down from a high around $2,900 and falling almost directly into a Fibonacci-based support zone between $2,134 and $1,957. Related Reading: Ethereum Bullish Wave Towards ATH Coming? Here Are The Targets Now that the Wave A pattern is complete, the prediction is a short-term bounce to as high as $2,792 as part of a wave B retracement. However, this upward move would likely be temporary before another Wave C leg downward, which could drive the Ethereum price to as low as $1,706 before a meaningful bottom is confirmed. This level is what the analyst refers to as his “ideal buy zone” for long-term accumulation. Although the short-term view includes price crashes, a full bullish impulse will resume once this corrective phase is complete. Wyckoff Structure Points $6,000 ETH Price Merlijn, a popular analyst on X, shared a contrasting yet converging perspective. In this case, the analyst’s outlook is based on Wyckoff’s accumulation framework. Merlijn stated, “Ethereum: Wyckoff says go.” Related Reading: The 5 Bullish Cases That Says Ethereum Price Could Reach $10,000 In 2025 According to the daily price chart that followed his analysis, the analyst showed that the crypto had already completed the spring and test phases, which are both components of a Wyckoff accumulation pattern. What comes next, according to the Wyckoff method, is the markup phase. The chart Merlijn posted aligns with this outlook. The chart projected that Ethereum will reclaim a horizontal range between $2,150 and $2,450, followed by a steady progression above $3,850, and then another strong move past $4,800, before ultimately culminating around $6,800 to $7,000. This bullish setup suggests that while the recent dip to $2,100 might have shaken confidence, it may have served a larger structural purpose. The spring and test patterns imply a final shakeout of weak hands, clearing the path for long-term buyers to step in. Finally, the outlooks from both analysts converge on a six-month to one-year trajectory that could see Ethereum breaking into the $6,000 range, if not higher. At the time of writing, Ethereum is trading at $2,420, up by 7.4% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com
The Bitcoin price has just printed a rare Golden Cross on the weekly chart — a technical signal that historically appears once every market cycle. This Golden Cross has previously preceded some of Bitcoin’s most explosive bull runs, and analysts are eyeing its return as a sign that the next bullish leg up could be near. A Golden Cross occurs when a shorter-term Moving Average (MA), usually the 50-week MA, crosses above a longer-term one, like the 20-week MA. In the crypto world, this technical formation is perceived as a significantly bullish indicator that often leads to a long-term trend reversal or the start of a new uptrend. While the signal alone doesn’t guarantee gains, Bitcoin’s price history suggests it’s one worth watching closely. Bitcoin Price Flashes Super Rare Golden Cross According to ‘Merlijn The Trader’, a crypto analyst on X (formerly Twitter), the Bitcoin price has just flashed a Golden Cross, one that has only been seen three times in the past decade. Each time Bitcoin has printed this Golden Cross, it has undergone a parabolic move upwards. Related Reading: Is The Bitcoin Price Top In At $109,000 Already? What The MVRV Z-Score Says In 2016, Bitcoin recorded a massive surge of 139% after flashing a Golden Cross on its price chart. Similarly, in the 2017 bull cycle, the flagship cryptocurrency underwent another crossover, which led to an astonishing 2,200% increase, marking one of its most parabolic rallies and capturing the attention of the world. In 2020, during the historic bull market that led to Bitcoin’s global exposure and dominance, the same Golden Cross pattern was formed. Following this, Bitcoin recorded a 1,190% rally, pushing its price to its then all-time high near $69,000 in 2021. Now, in 2025, five years after the previous Golden Cross appearance, Bitcoin has once again printed this powerful signal and could be on the verge of another historic rally. The analyst’s price chart shows the crossover forming clearly, with many comparisons to the previous cycle setups While the exact percentage price increase this time remains unknown, the consistency of the pattern has sparked the analyst’s prediction that Bitcoin may be gearing up for a powerful rally above $200,000. Analyst Predicts BTC’s Next ATH Target In another similarly bullish Bitcoin price analysis, Crypto Caeser, an analyst on X, has projected that the flagship cryptocurrency will soon hit a new ATH this cycle. While many suggest that the Bitcoin price surge above $109,000 during US President Donald Trump’s inauguration was its market top, a significant portion of the community still expect a rally to a higher peak before a bear market. Related Reading: Bitcoin Sees Highest Exchange Outflows In 2 Years, What This Means For Price Sharing a Bitcoin price chart that outlines its possible bullish trajectory, Crypto Caeser predicts that the flagship cryptocurrency could be heading to a “weak high” of $110,000. The analyst has pinpointed a key support zone around $90,000, emphasizing that this was the most optimal price level for maximum buying. Featured image from Pixabay, chart from Tradingview.com
According to a crypto analyst, the Ethereum price is on the verge of a breakout, and investors who don’t buy it now could be left with regrets later. With technical indicators pointing towards a significant price surge, the analyst forecasts that Ethereum (ETH) could climb as high as $12,000 this bull cycle. Ethereum Price Headed To $12,000? Prominent crypto analyst Captain Faibik has issued a stark warning to investors, urging them to buy Ethereum at a particular price low or risk entering the market late and regretting it. With Ethereum’s current price action signaling a potential bullish breakout, Faibik predicts that the cryptocurrency can hit a new all-time high of $12,000 in 2025. Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade Looking at the analyst’s Ethereum price chart, the timeline for this ambitious projection is set around Q4 2025, more than eight months from now. Faibik indicated that Ethereum has been within a consolidation symmetrical Triangle for a while and finally looks ready to bottom. This week, Ethereum appears to have broken through the descending resistance line of the symmetrical triangle, indicating the start of a potential price rebound. Faibik believes Ethereum has likely hit its market bottom at $2,648 and could go up from here. Historically, cryptocurrencies that reach a bottom tend to experience a major rally as prices stabilize and momentum builds after consolidation. In the case of Ethereum, Faibik has highlighted the purported $2,648 price bottom as a key buy-the-dip opportunity. Furthermore, the analyst suggested that entering the market at this level was crucial, as investors risk missing out on potential gains. Faibik predicts that once Ethereum initiates a bounce back, its price could skyrocket as high as $12,000. This massive rally would represent a 353.7% surge, marking Ethereum’s highest price increase since its previous bull run. Sharing similar bullish sentiments, Kazi, another crypto analyst on X, forecasts that Ethereum will reach $12,203. The analyst also highlighted a breakout from a symmetrical triangle as the trigger for this bullish surge to new ATHs. ETH Gas Fees Crash, Sparks Rally Speculations In other news, Ethereum’s gas fees have experienced a significant crash, sparking rumours of a potential price rally. Crypto analyst Merlijn the Trader announced this report to his over 312,000 followers on X. The analyst revealed that the Ethereum founder, Vitalik Buterin, had previously promised to fix the initial high gas fees, making them more affordable for the network users. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 Now, average Ethereum gas fees are down to 0.794 gwei ($0.04), marking a major decrease from their previous high of 0.873 gwei ($0.05). Due to this unexpected but highly welcomed development, Merlijn the Trader, questions whether the crash in Ethereum’s gas fees is signaling the start of ETH’s next rally. Featured image from Adobe Stock, chart from Tradingview.com