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Ethereum Macro Prediction Shows What To Expect Next
TL;DR
A crypto expert predicts Ethereum (ETH) could crash to as low as $800 or even $400, marking a significant bearish move. This decline is seen as necessary for a market reset to establish real demand and support.
Key points
- Ethereum could crash to $800 or $400
- Analyst warns of a significant bearish move
- Price drop is seen as necessary for market reset
Mentioned in this story
Rafaela Rigo
A crypto expert has shared her macro prediction for Ethereum (ETH), warning of an imminent price crash that could see the second-largest cryptocurrency plummet to as low as $800, or even $400 per coin. While this would represent a massive bearish move given ETH’s current price, the analyst argues that such a decline is important for a market reset, where prices rediscover real demand and sustainable support.
Analyst Says Ethereum Crash Is Critical For A Market Reset
Rafaela Rigo, a crypto market analyst, has presented a compelling Ethereum price analysis on X that has caught the attention of traders and investors alike. Rigo shared a chart analysis from 2024 in which she accurately predicted that the Ethereum price would plummet to $1,900 after the cryptocurrency had formed a bull run top in that same cycle. That same analysis had also forecasted a price drop to $800, a level the analyst identified as a “great buying opportunity.”
Notably, Rigo has now updated that 2024 chart analysis to predict Ethereum’s next move this cycle. She has boldly forecasted that ETH’s price could crash to $800 during the ongoing bear market. With the cryptocurrency currently trading above $2,100, a decline to that level would represent a staggering loss of more than 61%.
Taking an even more bearish stance, Rigo stated that an extended price drop to $400 was still on the table for Ethereum, especially if the cryptocurrency is unable to contain its bearish momentum. If ETH falls to this level, it would mark a historic low, pushing the second-largest cryptocurrency back to levels not seen since 2019.
Source: Chart from Rafaela Rigo on X
Q&A
What is the predicted price range for Ethereum according to the analyst?
The analyst predicts Ethereum could drop to between $800 and $400.
Why does the analyst believe a crash in Ethereum's price is important?
The analyst argues that a price crash is critical for a market reset, allowing prices to rediscover real demand and sustainable support.
What would be the implications if Ethereum falls to $400?
If Ethereum falls to $400, it would represent a historic low, returning to levels not seen since 2019.
