Ethereum Price Alert: Brace for Potential Plunge to $1,800 as Analysts Sound Alarm

Ethereum bulls beware—the second-largest cryptocurrency is flashing warning signs.

Market watchers spot trouble ahead as ETH teeters near a critical support level. Could this be the start of a deeper correction?

Technical indicators suggest the $1,800 price floor isn't just possible—it's probable if current trends hold. The same analysts who called last year's rally now see storm clouds gathering.

Of course, Wall Street's usual suspects will claim they 'predicted this all along'—right after they finish revising their price targets downward for the third time this quarter.

One thing's certain: in crypto, the only guarantee is volatility. Whether this dip becomes a buying opportunity or the start of something worse remains to be seen.

Ethereum Faces Bearish Wave C Formation

Crypto analyst Crypto Wave issued a warning that ethereum might still be forming a classic ABC correction pattern. In a recent post on platform X, he explained that ETH may be in wave C of a Wave 2 correction, which could see the price fall to the $1,700–$1,950 range, with $1,800 as the likely target.

The analyst pointed out that Ethereum had already reached the 0.5 Fibonacci retracement level at $2,100, typically the minimum correction point. However, he believes the correction isn’t complete. According to him, the previous drop was only wave A, and a full ABC correction usually unfolds in three clear legs.

Current Sentiment Doesn’t Invalidate the Bearish Setup

Ethereum has recovered modestly from last week’s lows of $2,100 and is currently trading at around $2,480, up 2% over the past 24 hours, based on CoinMarketCap data. The bounce followed improved market sentiment after a ceasefire between Israel and Iran and continued Optimism around crypto ETFs.

However, crypto Wave warned that macro sentiment alone may not stop technical corrections. He referenced the end of 2024, when Ethereum struggled while other altcoins surged. A similar underperformance could repeat if ETH fails to break out convincingly.

What Would Invalidate the Bearish Ethereum Prediction?

According to Crypto Wave, the bearish thesis WOULD be invalidated if Ethereum breaks above $2,880 in a single, strong wave. This type of breakout would suggest the correction is over and that ETH could be entering a new bull cycle.

Such a MOVE would need to be supported by strong volume and market conviction, marking a clear shift in momentum. Until that happens, the $1,800 downside target remains on the table.

Another Analyst Predicts ETH Could Soar to $11,000

While Crypto Wave sees a potential crash ahead, not all analysts are pessimistic. Another well-followed crypto expert, Merlijn, offered a more bullish outlook. In his analysis, he compared Ethereum’s current price behavior to its 2021 price cycle.

He stated that ETH is experiencing a “dead cat bounce”, followed by a possible retest of support around $2,000. However, once that retest is complete, a massive parabolic move to the upside could begin.

Merlijn predicts that Ethereum could climb to $11,000 before the end of 2025, citing increased market maturity and adoption compared to 2021. He also pointed out that ETH has more “firepower” now in terms of network upgrades and ecosystem growth.

Technical Outlook: Key Levels to Watch

Currently, Ethereum’s short-term outlook remains mixed. Traders are closely watching the following levels:

• Support: $2,100 and $2,000

• Resistance: $2,880 (bullish breakout confirmation)

If ETH dips below $2,000 again, it could confirm the bearish wave structure and push the price toward the $1,800 region. On the flip side, if bulls reclaim $2,880 and sustain it, Ethereum could regain momentum.

Final Thoughts: Is Ethereum Heading for a Crash or a Rally?

Ethereum’s price is at a critical point. On one side, technical patterns and wave theory suggest a further drop could be in store, possibly toward $1,800. On the other hand, long-term analysts believe a parabolic rally to $11,000 is still achievable in 2025.

For now, traders should monitor price action closely. A break below $2,000 may confirm the bearish setup, while a move above $2,880 could trigger a new bullish trend. In either case, Ethereum is expected to remain volatile as it navigates key resistance and support zones.

Investors should consider risk management and stay informed about both technical signals and broader market sentiment before making decisions.