Ethereum Drops Below $1,600 Amid Market Volatility — Analysts Weigh $800 Support Scenario

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2025-04-21 18:08:41

Ethereum crashes back below $1,600 — will it hit $800?

Ethereum’s price fell sharply below the $1,600 level, reigniting concerns over further downside potential. Market analysts are now evaluating whether key support near $800 could be tested if bearish momentum persists.

Will Ethereum go lower?

Despite the recent pullback, ETH shows higher lows, suggesting buyers are still active. Analysts note a break from its downtrend for the first time since February 2025. If Ethereum can hold the $1.6K level, it could rise to $2K in April.

Some more pessimistic analysts, such as veteran commodity trader Peter L. Brandt, forecast that Ethereum could plunge to a low of $800, similar to its 2022 low.

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