Ethereum Price Alert: Analyst Warns of 20% Plunge Below $2,000 – Here’s the Trigger

Ethereum bulls, brace yourselves. A grim forecast suggests ETH could be teetering on the edge of a brutal correction—one that might just slice through the psychological $2,000 floor like a hot knife through butter.

Why the sudden bearish sentiment? The usual suspects: overheated derivatives, macroeconomic jitters, and traders who still think 'buy the dip' works in a liquidity desert. Meanwhile, Wall Street keeps minting 'stablecoins' backed by vibes and rehypothecated collateral.

If the prediction holds, Ethereum’s slide would mark a painful retreat from recent highs—proof that even blue-chip crypto isn’t immune to gravity (or overleveraged degens). Buckle up.

Why The Ethereum Price Is Headed Below $2,000

Crypto analyst Maddox Metrics has given the short and long-term outlook for the Ethereum price, and it seems the current market decline is nowhere near its end. In the short term, Maddox expects the Ethereum price to continue to decline and, in fact, fall below some major support levels.

As the crypto analyst explains, investors are already expecting the ETH price to actually fall lower toward the $1,900 target. And as shown in the analyst’s chart, this would actually be the second wave of the 5-wave count as Ethereum moves into its long-term potential.

While there has been a lot of buying, especially among institutional investors and ETF issuers, the ethereum price continues to trend low. The analyst attributes this to the rising war tensions in the Middle East, as fears of World War 3 grow more intense.

At this level, the analyst cautions investors to look toward a more patient strategy, saying that “Money is made in the sitting, weathering volatility, not flipping in and out of trades on every bit of news and price movement.” Thus, it is better to hold positions until the market finds its stable point.

ETH Still Bullish In The Long-Term

Despite the wave pattern pointing to a crash below $2,000 in the short term, the analyst says the long-term outlook for the Ethereum price remains bullish. The current decline, which is a Wave 2 retracement, the analyst explains, marked the end of a motif wave at the $2,700 resistance.

This suggests that once the current wave ends, there is the next wave, which is the bullish Wave 3. Once this is underway, the analyst’s chart shows a possibility of this wave carrying through to a new all-time high just under $5,000.

The 4th wave is naturally bearish and will trigger a crash, while the 5th and final wave will send the Ethereum price to $7,000. The timeline for this to happen, as shown in the chart, will be through the year 2025 and into the early months of 2026.