Veteran trader Peter Brandt has surprised the community with his bold prediction for Ethereum.

He predicts that Ethereum could fall back to $800 and shared a chart showing a descending triangle pattern, which is a bearish pattern that often signals about a bigger price drop ahead.

Veteran trader Peter Brandt has surprised the community with his bold prediction for Ethereum (CRYPTO: ETH). He predicts that Ethereum could fall back to $800 and shared a chart showing a descending triangle pattern, which is a bearish pattern that often signals about a bigger price drop ahead.

Currently, the key support level is around $1,500. If ETH falls below this level, Brandt believes it could crash all the way down to around $800, similar to its 2022 low.

Brandt’s prediction comes as ETH continues to struggle with resistance and market uncertainty.

ETHUSD pic.twitter.com/pi73odO96z

Having A Rough Time

Ether has had a rough year dropping over 46% over the past 12 months. This week, it dipped 4% after the Fed announced that it would keep the interest rates unchanged, following Bitcoin’s drop. When Brandt shared his prediction, Ether was trading at $1,587. It is currently trading at $1,596, up over 0.8% in the past day.

Previously, Peter Brandt slammed the Ethereum as “worthless junk”.

Recently, Scottie Pippen, the famous NBA player, predicted that the biggest altcoin season will start this Sunday, following a historical pattern after Bitcoin halvings. He is optimistic over Ether as he is building a project focused on AI, gaming, and tokenizing real-world assets.

Meanwhile, Justin Sun, the founder of Tron will keep its Ethereum holdings and work with Ethereum developers to improve the crypto space.

XRP Flips Ether In FDV

Moreover, XRP (CRYPTO: XRP) has recently surpassed Ethereum in terms of fully diluted market cap (FDV). As of April 2025, XRP’s FDV stands at approximately $208.4 billion, while Ether’s is around $192.5 billion.

However, it’s worthwhile to note that FDV represents the total value of all possible tokens, including those not yet in circulation. Despite this, Ethereum still maintains a higher actual market cap based on its circulating supply.

XRP’s FDV has surged due to positive regulatory developments, increased institutional interest, and its growing role in cross-border payments. Although Ether faces challenges from competing blockchains and changes in its tokenomics following recent upgrades, it continues to lead in terms of actual market cap and remains a dominant force in the crypto ecosystem.