Is Ethereum About to Crash? Peter Brandt Predicts Drop to $800
Veteran trader Peter Brandt's bold prediction about Ethereum has shocked the community. He predicts Ethereum could fall back to $800 and shared a chart showing a descending triangle pattern—a bearish formation typically signaling further decline.
The current key support level is around $1,500. Brandt believes that if ETH breaks below this level, it could plummet to around $800 (near the 2022 low point). This prediction comes at a time when ETH continues to face resistance levels and market uncertainty.
Ethereum's Challenging Situation
Ethereum has dropped over 46% in the past year, performing poorly. This week, it followed Bitcoin down 4% as the Federal Reserve announced maintaining interest rates. When Brandt released his prediction, Ethereum was trading at $1,587, and is now slightly up 0.8% to $1,596. This trader previously criticized Ethereum as "worthless garbage".
NBA star Scottie Pippen recently predicted that this Sunday will mark the start of the largest Altcoin season, following Bitcoin halving historical patterns. He remains optimistic about Ethereum due to its ongoing development of projects integrating AI, gaming, and real-world asset tokenization. TRON founder Justin Sun also stated he will maintain his Ethereum holdings and work with developers to drive crypto sector development.
XRP Fully Diluted Market Cap Surpasses Ethereum
XRP has surpassed Ethereum in fully diluted market value (FDV). As of April 2025, XRP's FDV is approximately $208.4 billion, while Ethereum is around $192.5 billion. It's important to note that FDV includes the total value of non-circulating tokens, with Ethereum still maintaining a higher actual circulating market value.
XRP's FDV surge stems from regulatory progress, growing institutional interest, and its increasingly important role in cross-border payments. Despite Ethereum facing challenges from competing blockchains and token economic model changes, its actual market value remains leading.
Analyst Ali Martinez recently posted that Ethereum is currently constrained within the critical range of $1,540-$1,630, with the breakout direction set to determine subsequent trends. In another post, he emphasized that historically, when Ethereum's price falls below the lower MVRV price band, it has been the best buying opportunity—a position it currently occupies.
