{"id":76423,"date":"2025-06-26T19:00:20","date_gmt":"2025-06-26T19:00:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=76423"},"modified":"2025-06-26T19:00:20","modified_gmt":"2025-06-26T19:00:20","slug":"ethereum-not-out-of-the-woods-yet-why-another-30-crash-to-1800-is-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=76423","title":{"rendered":"Ethereum Not Out Of The Woods Yet: Why Another 30% Crash To $1,800 Is Coming"},"content":{"rendered":"

Crypto analyst Crypto Wave has indicated that Ethereum could witness another significant price crash, presenting a bearish outlook for the altcoin. This price crash<\/a> is expected to mark Wave C of a corrective move, with ETH dropping to as low as $1,800.<\/p>\n

Why Ethereum Could Still Drop To As Low As $1,800<\/h2>\n

In an X post<\/a>, Crypto Wave declared that the primary expectation remains that Ethereum will see one more leg down in wave c of wave 2, targeting the zone between $1,950 and $1,700. Specifically, his accompanying chart showed that the largest altcoin by market cap could drop to around $1,800<\/a>.\u00a0<\/p>\n

The crypto analyst revealed that Ethereum has already hit the 0.5 fib retracement at $2,100, which is the minimum target for a Wave 2 correction<\/a>. However, structurally, he claimed that this drop still looks like wave A only. Crypto Wave further explained that these ABC corrections are always three-part moves, and that is what he sees forming now for ETH.\u00a0<\/p>\n

The broader crypto market, led by Bitcoin<\/a>, has bounced back following the ceasefire between Israel and Iran. Ethereum has also rebounded, having dropped to as low as $2,100 last week. However, Crypto Wave suggested that the current market sentiment doesn\u2019t invalidate this bearish setup for ETH and that it could still witness a deeper sell-off.\u00a0<\/p>\n

The crypto analyst alluded to the fourth quarter of last year when Ethereum was underperforming<\/a> heavily while many altcoins rallied. In line with this, he remarked that there could be a repeat of this scenario. However, on the other hand, Crypto Wave claimed that if ETH breaks above $2,880 impulsively, especially in one clean wave, then the correction could be over. He added that this would also put the altcoin in the early stages of a new bull cycle.<\/p>\n

2021 Pattern Playing Out For ETH<\/h2>\n

In an X post<\/a>, crypto analyst Merlijn drew similarities between the current Ethereum price action<\/a> and that of 2021. He stated that the 2021 playbook is repeating, with ETH having a dead count bounce, then a final retest before the parabolic leg. The analyst expects the altcoin to retest the $2,000 level before the massive move to the upside.\u00a0<\/p>\n

His accompanying chart showed that Ethereum could rally<\/a> to as high as $11,000 on this uptrend. Merlijn had remarked that ETH has more firepower this time around than in 2021, which is why the altcoin could witness such a parabolic move to the upside. Interestingly, based on the chart, this rally is expected to happen between now and year-end.<\/p>\n

At the time of writing, the Ethereum price is trading at around $2,480, up over 2% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":"

Crypto analyst Crypto Wave has indicated that Ethereum could witness another significant price crash, presenting a bearish outlook for the altcoin. This price crash is expected to mark Wave C of a corrective move, with ETH dropping to as low as $1,800. Why Ethereum Could Still Drop To As Low As $1,800 In an X […]<\/p>\n","protected":false},"author":0,"featured_media":76424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-76423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/76423"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76423"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/76423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/76424"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}