Ethereum Analyst Predicts Potential Price Drop to $800

Veteran cryptocurrency analyst Peter Brandt has issued a bold prediction, forecasting an Ethereum price decline to as low as $800. His analysis, based on technical indicators, highlights the presence of a descending triangle pattern, suggesting a potential bearish trend. Brandt believes the critical support level for ETH lies around $1,500. Should this level be breached, he suggests a substantial price drop could occur.