19-4-2025 – Seasoned market strategist Peter Brandt has rattled the cryptocurrency sphere with a stark warning about Ethereum’s trajectory. The veteran trader’s technical analysis reveals a descending triangle pattern, suggesting the second-largest cryptocurrency could plummet to $800—a level not witnessed since the 2022 market downturn.
The digital asset’s performance has been notably lacklustre, with a hefty 46% decline over the past year. The Federal Reserve’s recent decision to maintain interest rates precipitated a further 4% dip, mirroring Bitcoin’s downward movement.
In a rather intriguing development, basketball legend Scottie Pippen has emerged as an unexpected voice in the cryptocurrency dialogue. The former NBA star, now venturing into artificial intelligence and gaming, anticipates a significant surge in alternative cryptocurrencies following Bitcoin’s approaching halving event.
ETHUSD pic.twitter.com/pi73odO96z
— Peter Brandt (@PeterLBrandt) April 18, 2025
Meanwhile, a fascinating shift has occurred in the cryptocurrency hierarchy. Ripple’s XRP has achieved a milestone by surpassing Ethereum’s fully diluted valuation (FDV), posting figures of $208.4 billion against Ethereum’s $192.5 billion. However, industry experts emphasise that FDV calculations include tokens yet to enter circulation, whilst Ethereum maintains its superior position in actual market capitalisation.
Standard Chartered’s ambitious projection suggests XRP could reach $12.50 by 2028, potentially challenging Ethereum’s market dominance. This forecast stems from anticipated regulatory clarity and the prospect of an XRP exchange-traded fund (ETF).
Despite the bearish sentiment, Justin Sun, the prominent figure behind TRON, has affirmed his commitment to retaining his Ethereum holdings whilst fostering collaboration with its developer community.
Market analyst Ali Martinez has identified crucial price boundaries between $1,540 and $1,630, suggesting that Ethereum’s fate hangs in the balance. Notably, current market conditions mirror historical buying opportunities, as indicated by the lower MVRV Price Band metric.
The cryptocurrency currently trades at $1,596, showing marginal gains of 0.8% over 24 hours, though market participants remain vigilant given the pervading uncertainty in the digital asset space.
