Pessimistic prediction for Ethereum : Reaching rare lows ?

Peter Brandt’s pessimistic forecasts, one of the most seasoned traders in the financial scene, plunge the crypto community into palpable concern. Indeed, the price of Ethereum could well collapse to as low as $1550, a level rarely seen in recent years. In the context of a widespread correction in the crypto market, this prediction is as shocking as it is thought-provoking. Ethereum, considered one of the pillars of the sector, is indeed mired in a pronounced bearish spiral, with no recovery signal in sight.

Peter Brandt’s prediction, a major sell signal

Peter Brandt’s announcement has had the effect of a bombshell. According to this market veteran and CEO of Factor Trading, Ethereum could indeed drop to a floor of $1550. In his technical analyses, Brandt highlights the absence of a “buy signal” for ETH, a situation he describes as “unequivocally bearish.” He relies on a chart pattern marked by a succession of “lower highs and lower lows,” a structure that, according to him, clearly illustrates the exhaustion of buyers in the face of constant selling pressure. For Brandt, the $1550 level is not just a theoretical target, but a likely landing point if the current trend does not reverse.

These forecasts are made in a context where Ethereum struggles to maintain its key levels, with a generally weakened market. After a decline of more than 5.5 % in recent days, the price of ETH remains trapped in a bearish channel. This spiral could, according to the analyst, continue to worsen without the intervention of positive catalysts. The crypto community observes these signals with particular attention, aware that such low levels could weigh heavily on the sector as a whole.

Further analyses and other perspectives for Ethereum

However, not all analysts share Brandt’s pessimism. Michael van de Poppe, another influential observer and CIO & Founder of MN Consultancy, nuances this view and indicates that the ETH market could experience a reversal, notably due to macroeconomic factors such as the Fed’s interest rate changes and employment data in the United States. “If Ethereum manages to establish support at the current level, a rebound could begin,” he specifies. He adds that the correction might ultimately be just a step before a recovery. According to him, an additional decline of 10 to 20 % is possible, but not inevitable.

Other analysts also point out some positive signals, such as the inflows of capital into spot Ethereum ETFs, which, while still limited, show a renewed interest. The BlackRock Ethereum ETF, for example, recorded inflows of $50 million, a sign that some institutional investors continue to see long-term potential in this asset. Nevertheless, this momentum remains modest against the sales volumes, which could affect price stability in the coming weeks.

Peter Brandt’s predictions resonate as a warning for investors, but divergent views show that Ethereum’s future is not sealed. Thus, global economic variables, institutional investors’ choices, and technical support levels will play a central role in the asset’s trajectory. Whether this decline reaches $1550 for the ETH price or not, one thing is for sure: Ethereum remains in the spotlight, and the days ahead will be crucial for assessing the true resilience of this indispensable asset in the crypto universe.