$ETH đ¨ Massive Ethereum (ETH) Price Crash to $800 Predicted by Legendary Trader Brandt đ¨
On April 18, veteran trader Peter Brandt warned via X that Ethereum could crash to $800, citing a descendingâtriangle bearish pattern on the ETHUSD chart .
This forecast comes amid a 46% decline over the past year and a 4% drop this week after the Fed held rates steady .
Meanwhile, NBA legend Scottie Pippen and Tron founder Justin Sun remain bullishâpredicting an upcoming altcoin season and reaffirming their ETH holdings .
Get live updates, trending posts, and creator AMAs on Binance Square, Binanceâs inâapp social hub .
đ¨ Brandtâs $800 Warning
Peter Brandt, an oldâschool commodity trader active since the midâ1970s, issued a bold bearish prediction via tweet on April 18, forecasting ETH could revisit the $800 low seen in 2022 .
His analysis highlights a descending triangle patternâa classic bearish formation that often signals deeper declines ahead .
đ Market Snapshot
Over the past 12 months, Ethereum has slumped 46%, and this week alone saw a 4% drop after the Fed announced rates would remain unchanged .
Since that pullback, ETH bounced back 3.56% to trade near $1,601, with Brandtâs chart published when ETH was at $1,587 .
As of now, ETH is trading around $1,616.15, according to live market data .
Meanwhile, CoinStats reports an intraday high of $1,619.32 and a low of $1,586.37, underscoring ongoing volatility .
đ Bullish Counterpoints: Pippen & Sun
NBA HallâofâFamer Scottie Pippen predicts the âlargest altcoin seasonâ will kick off this Sunday, roughly 340 days postâBitcoin halving .
Heâs backing ETH long term, citing his work on an AI, gaming, and realâworld asset tokenization project built on Ethereum .
Meanwhile, Justin Sun, Tronâs founder, confirmed his team wonât offload its ETH reserves and plans to collaborate with Ethereum developers to drive crypto innovation .
