Is Ethereum about to collapse? Peter Brandt predicts the price will fall to 800 dollars.

Veteran trader Peter Brandt has surprised the community with his bold prediction about Ethereum. He predicts that Ethereum could fall to $800 and shares a chart showing a descending triangle pattern, which is a bearish pattern that often signals a larger decline ahead. Currently, the main support level is around $1,500. If ETH falls below this level, Brandt believes it could drop sharply to around $800, similar to the lowest point in 2022. Brandt's prediction comes as ETH continues to struggle with resistance and market volatility.

Ethereum is Facing Difficulties Ether has had a tough year, falling more than 46% in the past 12 months. This week, it dropped 4% after the Fed announced they would keep interest rates unchanged, following Bitcoin's decline. When Brandt posted his prediction, Ether was trading at $1,587. Currently, it is trading at $1,596, up over 0.8% in the last day. Previously, Peter Brandt criticized Ethereum as "worthless trash". Recently, Scottie Pippen, the famous NBA player, predicted that the biggest altcoin season will begin this Sunday, according to historical patterns following Bitcoin halving. He is optimistic about Ether as he is building a project focused on AI, gaming, and the tokenization of real-world assets. Meanwhile, Justin Sun, the founder of Tron, will hold onto his Ethereum stake and work with Ethereum developers to improve the cryptocurrency space. XRP Reverses Ether in FDV In addition, XRP has recently surpassed Ethereum in fully diluted market capitalization (FDV). As of April 2025, the FDV of XRP is around $208.4 billion, while that of Ether is approximately $192.5 billion. However, it is worth noting that FDV represents the total value of all possible tokens including those that are not in circulation. Nevertheless, Ethereum still maintains a higher actual market capitalization based on its circulating supply.

The FDV of XRP has surged due to positive regulatory developments, increasing institutional interest, and its growing role in cross-border payments. Although Ether faces challenges from competing blockchains and changes in its tokenomics after recent upgrades, it continues to lead in actual market capitalization and remains a dominant force in the cryptocurrency ecosystem. Analyst Ali Martinez in a recent post on X emphasized that Ether is currently stuck between two key price levels: $1,540 and $1,630. He noted that a breakout in either direction will determine whether the price of Ethereum will rise or fall.

In addition, in the latest post from X, he emphasized that the best time to buy Ethereum is when its price falls below a certain level known as the lower MVRV price band. Currently, Ethereum is at the same position, making this a good time to buy.