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ethereum

Ethereum To $800? Ascending Triangle Breakdown Signals Potential ETH Crash

Ash Tiwari
by Ash Tiwari
5 months ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to a recent X post by seasoned crypto analyst Ali Martinez, Ethereum (ETH) price could face further decline as it risks breaking down from an ascending triangle pattern – potentially crashing to as low as $800.

Ethereum To Crash To $800?

Ethereum (ETH) has struggled over the past three years, failing to reclaim its all-time high (ATH) of $4,878 from November 2021. Meanwhile, other cryptocurrencies like Bitcoin (BTC) and Solana (SOL) have surged to new ATHs earlier this year.

Related Reading: Ethereum Faces Bearish Pressure As Sentiment Hits 12-Month Low – Can ETH Avoid Dropping Below $2,000?

Amid a broader crypto market pullback driven by geopolitical tensions and tariff concerns, ETH has fallen 30% in the past month – dropping from $2,800 on February 13 to around $1,900 at the time of writing.

That said, Ethereum’s woes may still continue. Recent price analysis by Martinez highlights how ETH has been trading in an ascending triangle, and has so far failed to decisively break through the $4,000 resistance level.

The leading smart contract token has now broken down from the pattern, raising the possibility of a crash to as low as $800. The last time ETH traded at $800 was way back in December 2020.

Ethereum’s below average price performance relative to other digital assets is further hampered by the relentless selling it has witnessed over the past few months. A post by CryptoQuant CEO, Ki Young Ju, shows that since January 2020, ETH has faced the highest selling in the first three months of 2025.

eth selling
Source: Ki Young Ju on X

Further, recent analysis by another crypto analyst, Ted, emphasizes the similarity between the current ETH price crash and the capitulation candle in March 2020 due to the COVID pandemic. The analyst said:

I wouldn’t be surprised if ETH goes a bit lower from here towards $1.4K-$1.6K level. But that doesn’t mean everything is over. $10K ETH will happen this cycle.

All May Not Be Lost For ETH

While there is considerable pessimism about ETH’s short-term price action, some analysts suggest that the digital asset may soon witness a swift price recovery.

For instance, crypto trader Merlijn The Trader brought attention to Ethereum’s 3-year Stochastic Relative Strength Index (RSI) level. The analyst noted that ETH’s Stochastic RSI is significantly oversold, raising optimism for a potential “massive rally.”

merlijn
Source: Merlijn The Trader on X

For the uninitiated, the Stochastic RSI is a momentum indicator that shows whether an asset is overbought or oversold by comparing the RSI to its recent range. It moves between 0 and 1, with values above 0.8 suggesting overbought and below 0.2 indicating oversold conditions.

Related Reading: Ethereum Tests “Make Or Break” Level, But Altseason Hopes Stay Alive – Details

In addition, recently crypto analyst Crypto Yoddha stated that ETH may have already hit the bottom for this market cycle. At press time, ETH trades at $1,854, down 1.2% in the past 24 hours.

ethereum
ETH trades at $1,854 on the daily chart | Source: ETHUSDT on TradingView.com
Featured image from Unsplash, Charts from X and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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