Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Zimbabwe rolls out blockchain-based carbon credit market system

2025-05-21

What Is a DEX (Decentralized Exchange)?

2025-05-21

🧊 Stay cool, stay onchain with .pengu 🐧

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Shockwave ahead? Ethereum could crash by more than 60%: analyst
Altcoins

Shockwave ahead? Ethereum could crash by more than 60%: analyst

2024-11-02No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

Like most digital assets, Ethereum witnessed a correction this week by losing more than 5% over the past 24 hours while trading just above $2,500. While the increased activity on the chain could ultimately cause the bulls to bet on Ether’s recovery, a few experts disagree with this perspective.

Veteran crypto analyst Peter Brandt predicts further demise of Ether with a loss of more than 60% from its current price, with no indications of change.

Currently, Ether is trading at a 42-month low. While Bitcoin retested the $70,000 mark early this week, Ether maintains sluggish price action and is too far from the experts’ target of $4,000.

Related reading

Ether’s strong bearish move

Ethereum is trading at a 42-month low against the world’s leading digital assets, indicating bearish momentum. As we zoom out from the price chart, Ethereum is in a downward spiral and a painful market correction for holders and investors.

According to Brandt, Ethereum’s bearish sentiment will continue with no reassuring signs of reversal.

It is striking that no buy signal arrived $ETH
In fact, the chart remains bearish with an unmet target at 1551 pic.twitter.com/sjkXyTQXU2

— Peter Brandt (@PeterLBrandt) October 31, 2024

In a Twitter/X post, Brandt shared a chart showing that there is no other signal for Ether. He added that Ethereum’s chart is bearish, with the bulls making it difficult to reach the $1,551 target.

The 1-day chart highlights the asset’s ongoing bearish momentum, which began last August, and was characterized by a descending channel. Ethereum’s bearish flag is terrible news for traders and holders, indicating a continued downward trend.

See also  Analyst analyzes the movements and why
ETH is currently trading at $2,500. Graphic: Trading view

Analyst sees bearish stats for Ethereum

In addition to the bearish signals in the chart, Brandt also noted some discouraging numbers for Ethereum. Ether, for example, is down more than 5% in the past 24 hours, registering a sharper decline than Solana, at -4.91%, and Bitcoin, at -3.87%.

Brandt also noted that the ETH/BTC trading ratio fell to 0.03613, a 42-month low, as BTC continues to lead the broader crypto market. Although Ethereum is currently priced at $2,507, Brandt sees its value falling even further to $1,551, reflecting a possible 62% decline from its current value.

$1,551 as Ethereum’s unmet goal

Brandt considers $1,551 to be the asset’s unfulfilled goal and a significant milestone. In his analysis, this level serves as a capitulation point for the holders. The recent price drops have eroded investor and holder confidence, with Ethereum struggling to hold the $2,400 support.

Related reading

As the second largest cryptocurrency, Ethereum is showing the first signs of a rally. Many observers have predicted a market rally, targeting a long-term price of $6,000. Short-term estimates put Ethereum’s price at $2,750.

However, Brandt offers a more bearish outlook for Ethereum, saying its value will go downhill unless a new set of technical indicators emerge.

Featured image of Tokpie, chart from TradingView



Source link

Ahead Analyst Crash Ethereum Shockwave
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Top reasons why Bitcoin price today, May 21, came in new ATH

2025-05-21

Fartcoin has increased by 10.62% for the past 24 hours

2025-05-21

Was the founder of Cardano $ 619 million? Hopkinson makes shocking revelation

2025-05-21

SEC counts Unicoin – $ 100 million exposed to alleged fraud!

2025-05-21
Add A Comment

Comments are closed.

Top Posts

Identifying the Impact of Bitcoin Whales Transferring $1.83 Billion in BTC

2024-10-11

Blockchain Interoperability Market Size Will Exceed $1.98 Billion by 2032: Report

2024-01-23

Franklin Templeton signals confidence in the financial future of Blockchain

2024-11-05
Editors Picks

Bitcoin – Price is preparing for the next leg higher – Upside Potential Builds

2025-04-19

What to expect if Bitcoin shows signs of decoupling from the US dollar

2023-07-20

Solana (SOL) gives tips for a correction on the negative side: can this provide important support?

2024-10-23

XRP is forming bullish reverse dragon head pattern, how high can the price go?

2025-05-08
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Zimbabwe rolls out blockchain-based carbon credit market system

What Is a DEX (Decentralized Exchange)?

🧊 Stay cool, stay onchain with .pengu 🐧

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$108,438.961.81%
  • ethereumEthereum(ETH)$2,509.240.15%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.381.09%
  • binancecoinBNB(BNB)$672.503.56%
  • solanaSolana(SOL)$170.421.60%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2296111.55%
  • cardanoCardano(ADA)$0.762.23%
  • tronTRON(TRX)$0.266592-1.03%
  • suiSui(SUI)$3.88-0.03%
  • chainlinkChainlink(LINK)$15.811.00%
  • avalanche-2Avalanche(AVAX)$22.750.57%
  • hyperliquidHyperliquid(HYPE)$27.977.40%
  • stellarStellar(XLM)$0.2898530.75%
  • shiba-inuShiba Inu(SHIB)$0.0000151.00%
  • hedera-hashgraphHedera(HBAR)$0.1966921.02%
  • unus-sed-leoUNUS SED LEO(LEO)$8.851.20%
  • bitcoin-cashBitcoin Cash(BCH)$403.832.80%
  • the-open-networkToncoin(TON)$3.080.02%
  • polkadotPolkadot(DOT)$4.720.89%
  • litecoinLitecoin(LTC)$96.512.35%
  • moneroMonero(XMR)$396.1213.14%
  • bitget-tokenBitget Token(BGB)$5.210.86%
  • piPi(PI)$0.8311.74%
  • pepePepe(PEPE)$0.0000132.20%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$444.327.40%
  • uniswapUniswap(UNI)$6.113.00%
  • aaveAave(AAVE)$247.05-4.70%
  • nearNEAR Protocol(NEAR)$2.820.32%
  • aptosAptos(APT)$5.201.34%
  • okbOKB(OKB)$52.090.20%
  • ondo-financeOndo(ONDO)$0.962.10%
  • kaspaKaspa(KAS)$0.1116941.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.294.51%
  • ethereum-classicEthereum Classic(ETC)$18.741.76%
  • internet-computerInternet Computer(ICP)$5.28-0.12%
  • gatechain-tokenGateToken(GT)$21.631.05%
  • crypto-com-chainCronos(CRO)$0.0967510.16%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2385632.80%
  • mantleMantle(MNT)$0.74-1.11%
  • vechainVeChain(VET)$0.0286930.81%
  • render-tokenRender(RENDER)$4.711.52%
  • ethenaEthena(ENA)$0.3940293.93%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4046712.70%
  • algorandAlgorand(ALGO)$0.2272651.69%
  • filecoinFilecoin(FIL)$2.912.11%
  • bitcoinBitcoin(BTC)$108,438.961.81%
  • ethereumEthereum(ETH)$2,509.240.15%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.381.09%
  • binancecoinBNB(BNB)$672.503.56%
  • solanaSolana(SOL)$170.421.60%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2296111.55%
  • cardanoCardano(ADA)$0.762.23%
  • tronTRON(TRX)$0.266592-1.03%
  • suiSui(SUI)$3.88-0.03%
  • chainlinkChainlink(LINK)$15.811.00%
  • avalanche-2Avalanche(AVAX)$22.750.57%
  • hyperliquidHyperliquid(HYPE)$27.977.40%
  • stellarStellar(XLM)$0.2898530.75%
  • shiba-inuShiba Inu(SHIB)$0.0000151.00%
  • hedera-hashgraphHedera(HBAR)$0.1966921.02%
  • unus-sed-leoUNUS SED LEO(LEO)$8.851.20%
  • bitcoin-cashBitcoin Cash(BCH)$403.832.80%
  • the-open-networkToncoin(TON)$3.080.02%
  • polkadotPolkadot(DOT)$4.720.89%
  • litecoinLitecoin(LTC)$96.512.35%
  • moneroMonero(XMR)$396.1213.14%
  • bitget-tokenBitget Token(BGB)$5.210.86%
  • piPi(PI)$0.8311.74%
  • pepePepe(PEPE)$0.0000132.20%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$444.327.40%
  • uniswapUniswap(UNI)$6.113.00%
  • aaveAave(AAVE)$247.05-4.70%
  • nearNEAR Protocol(NEAR)$2.820.32%
  • aptosAptos(APT)$5.201.34%
  • okbOKB(OKB)$52.090.20%
  • ondo-financeOndo(ONDO)$0.962.10%
  • kaspaKaspa(KAS)$0.1116941.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.294.51%
  • ethereum-classicEthereum Classic(ETC)$18.741.76%
  • internet-computerInternet Computer(ICP)$5.28-0.12%
  • gatechain-tokenGateToken(GT)$21.631.05%
  • crypto-com-chainCronos(CRO)$0.0967510.16%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2385632.80%
  • mantleMantle(MNT)$0.74-1.11%
  • vechainVeChain(VET)$0.0286930.81%
  • render-tokenRender(RENDER)$4.711.52%
  • ethenaEthena(ENA)$0.3940293.93%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4046712.70%
  • algorandAlgorand(ALGO)$0.2272651.69%
  • filecoinFilecoin(FIL)$2.912.11%