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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.

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.

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.”

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.

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.

Featured image from Unsplash, Charts from X and TradingView.com

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Ethereum has faced intense selling pressure over the past few weeks, with its price falling below the $2,000 threshold. This intense run of declines saw the cryptocurrency reach a low of $1,750 on March 11, marking its lowest point since November 2023. However, despite this steep drop, a new technical setup suggests Ethereum could be on the verge of a bullish turnaround, as it now retests a key resistance level on the 4-hour chart.

Ethereum Retests Critical Resistance After Rebound

Ethereum’s price action has been full of downtrends and many investors exiting their positions since the beginning of March. As such, Ethereum broke finally below $2,000 on March 10 after support failed to hold, and has spend the past week trading below this level.

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Although after sinking to $1,750, Ethereum has shown signs of recovery and has now rebounded to around $1,900. This little price action of recovery has brought the cryptocurrency back to a downward-sloping resistance trendline, a level that has acted as a barrier to brief upward movements of accumulations during the recent downtrend.

The test of this resistance now presents a potential breakout scenario where bullish momentum flows into Ethereum. An analyst on TradingView highlighted this setup, noting that a breakout above the resistance trendline could open the doors for a significant rally above $2,000.

Analyst Sets Bullish Price Targets For ETH

Despite the prevailing bearish sentiment that continues to weigh heavily on the broader crypto market, a TradingView analyst has identified a bullish trade setup on Ethereum’s 4-hour candlestick chart. This suggests that despite the recent decline, there remains a degree of optimism among some analysts and investors who believe Ethereum could soon regain its bullish footing. 

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According to the analysis, a confirmed breakout above $1,885 could serve as an ideal entry point. At the time of writing, Ethereum is yet to break above the downward sloping resistance trendline, as the breakout point is currently set just below $2,000. If Ethereum were to eventually break above the resistance, the analyst noted a probable price target of $2,596. 

On the flip side, the analysis advices placing a stop loss at $1,700, meaning the setup is structured to manage risk while aiming for substantial gains. This is in case if the bearish momentum is too great to be overcome, and the Ethereum price gets rejected again at the resistance trendline. Given the high-risk reward ratio, the analyst advised watching for a surge in volume, which would provide confirmation that Ethereum is breaking out with momentum.

At the time of writing, Ethereum is trading at $1,895. Price action in the past 24 hours saw Ethereum reach an intra-day high of $1,950 before rejecting. However, the leading altcoin is still rolling around this resistance trendline, and there is a chance of a push upward again in the next 48 hours.

Featured image from Unsplash, chart from Tradingview.com

• Ethereum (ETH) consolidates below $2k, testing a 5-year trendline.
• PepeX emerges as a fairer investment alternative with its upcoming presale and AI-powered meme coin launchpad.
• Investors are shifting their focus to the upcoming PepeX presale amid Ethereum uncertainty.

As Ethereum (ETH) lingers in a precarious consolidation phase below the $2,000 mark, investors are increasingly turning their attention to alternative opportunities in the crypto space.

The broader market remains jittery, plagued by macroeconomic uncertainty, trade war fears, and erratic US policy decisions under President Trump. However, amid this turbulence, a new contender, PepeX, is emerging as a beacon for those seeking fresh prospects.

Billed as the world’s first AI-powered meme coin launchpad, PepeX promises a fairer alternative, drawing in degens and retail investors alike with its innovative approach and upcoming presale set to kick off on March 24, 2025.

Ethereum (ETH) faces a critical juncture

Ethereum’s current struggles are palpable as it trades in a tight range between $1,800 and $1,900, unable to reclaim the psychologically significant $2,000 level.

Analysts, including the prominent Mister Crypto, have pointed to a 5-year-long trendline that ETH is now testing— a historical support that has weathered major corrections in the past. This level is make-or-break for the second-largest cryptocurrency.

$ETH is retesting this 5-year long trendline.

MASSIVE BOUNCE INCOMING! pic.twitter.com/bRSiu7DYKu

— Mister Crypto (@misterrcrypto) March 17, 2025

Should the level hold firm, a bullish reversal could propel Ethereum (ETH) back above $2,000, igniting hopes of a rally toward $2,300, where the 4-hour 200 moving average awaits as a key resistance.

However, the bears are unrelenting, and a failure to defend this trendline could see ETH slide toward lower demand zones around $1,600-$1,700.

The broader economic backdrop isn’t helping Ethereum’s case. Rising trade tensions, inflation concerns, and regulatory ambiguity in the US have left risk assets, including crypto, in a state of flux.

Bulls have lost their grip, and the prolonged consolidation has traders on edge, uncertain whether the next move will be a breakout or a breakdown.

For now, ETH remains at a crossroads, with its fate hinging on how it reacts to this multi-year support over the coming days and weeks.

This uncertainty has pushed some investors to diversify, seeking opportunities that offer more immediate promise and less exposure to Ethereum’s volatility.

PepeX offers a new frontier for crypto investors

As Ethereum struggles to gain its footing, PepeX is capturing the imagination of the crypto community with its bold mission to democratize meme coin creation with its PepeX.fun memecoin launchpad.

Unlike Pump.fun, which has been criticized for favouring insiders and leaving only 0.4% of traders with gains exceeding $10k, PepeX aims to level the playing field. Its AI-driven launchpad allows anyone to create a token in minutes—upload an image, pick a ticker, and let the AI handle the rest, from generating viral memes to deploying anti-snipe smart contracts.

With a $500 entry fee for creators, PepeX weeds out low-effort projects, ensuring a higher quality of meme coins while still keeping the process accessible to the masses.

What sets PepeX apart is its commitment to fairness and transparency. Founders are capped at a 5% token allocation, with their liquidity locked and redistributed to the community if a project flops—a stark contrast to the exit liquidity schemes that have plagued other platforms.

Additionally, the AI-powered marketing bots further amplify its appeal, autonomously shilling tokens on Telegram and X to supercharge growth.

With Pump.fun raking in nearly $400M in fees last year, PepeX positions itself as the next big wave, offering token holders a chance to ride a rising tide of value as more projects join the ecosystem.

As Ethereum stalls, investors are positioning themselves for the PepeX’s presale which opens in the next five days, drawn by its narrative of vengeance against the old guard and its promise of a fairer, more profitable meme coin meta.

For degens and retail crypto investors, PepeX offers a tantalizing blend of innovation, accountability, and opportunity, making it a compelling alternative as Ethereum (ETH) battles to find its footing.