Ethereum is currently trading above $2,100 at the start of the new month, but one analyst believes the asset’s next major directional move is based on a singleEthereum is currently trading above $2,100 at the start of the new month, but one analyst believes the asset’s next major directional move is based on a single

Ethereum Price Crash Update: Analyst Forecasts Fall To $600 If This Happens

2026/04/02 08:00
Okuma süresi: 3 dk
Bu içerikle ilgili geri bildirim veya endişeleriniz için lütfen crypto.news@mexc.com üzerinden bizimle iletişime geçin.

Ethereum is currently trading above $2,100 at the start of the new month, but one analyst believes the asset’s next major directional move is based on a single price level: one that, if broken, would invalidate years of macro analysis and cause a price collapse to as low as $900.

The Count That Has Held For A Year

According to an analyst known as The Penguin, Ethereum’s current price behavior fits into a broader Elliott Wave structure that has been developing for years. The analysis defines Ethereum’s entire price history since 2016 as a developing macro sequence: a completed Cycle Wave 1 that topped out, followed by an extended Wave 2 correction playing out as a flat. According to the analyst, this structure is time-consuming, choppy, and designed to frustrate.

Since Ethereum’s 2021 peak, the Ethereum price has largely moved sideways and downward while repeatedly teasing recoveries that faded. The most notable example of this recovery was in August 2025, when Ethereum moved to new all-time highs. However, this has eventually ended up with a reversal that saw Ethereum fall back below $2,000 again.

Ethereum

The chart labels the flat trading sequence in detail, mapping out W, X, A, and B legs that form the larger Wave 2 structure. The current price action is positioned within the final leg of the B structure, and the next outlook is an upward move to C from here.

The $1,382 Line That Changes Everything

As shown in the chart above, the Ethereum price has spent the period since its 2021 peak trading beneath a well-defined horizontal resistance zone between $4,500 and $4,900, with multiple rallies failing to break through this ceiling. The lows, on the other hand, have been less uniform, with lows forming in a more irregular pattern instead of a clean horizontal base. 

However, one level stands out in this structure, which is the $1,382 low recorded in April 2025. Based on the context of this analysis, this point is labelled as Wave X and serves as the lower timeframe invalidation level. This is the important price level that will determine whether the price structure continues to fall below the four-digit mark. 

As long as Ethereum remains above it, the Wave 2 scenario will be valid, and the Ethereum price can still transition into a new impulsive cycle to the upside. The price target in this case is a push to as high as $8,400.

A breakdown below $1,382, however, would invalidate the entire wave count. ETH would need to shed about a third of its value to reach that level, but given Q1 2026’s 29% decline and February 6 low at $1,743, it is not out of reach under persistent selling pressure.

If that invalidation level fails, the analyst’s projection points to a downside break below $900, with Fibonacci extensions on the chart pointing to lows between $800 and $500.

Ethereum
Piyasa Fırsatı
B Logosu
B Fiyatı(B)
$0.1911
$0.1911$0.1911
-0.75%
USD
B (B) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen crypto.news@mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

BDACS, Woori Bank Launch South Korea’s First Won-Backed Stablecoin on Avalanche

BDACS, Woori Bank Launch South Korea’s First Won-Backed Stablecoin on Avalanche

The post BDACS, Woori Bank Launch South Korea’s First Won-Backed Stablecoin on Avalanche appeared on BitcoinEthereumNews.com. In brief Digital asset custodian BDACS has launched KRW1, South Korea’s first fully regulated won-backed stablecoin, through a partnership with Woori Bank. Each token maintains full collateralization with Korean won held in Woori Bank escrow, according to BDACS. The launch comes amid competing parliamentary bills that debate interest payments and capital requirements for stablecoin issuers. Digital asset custodian BDACS has launched KRW1, South Korea’s first fully regulated won-backed stablecoin, in partnership with Woori Bank. The announcement follows completion of a proof of concept validating technical infrastructure spanning fiat deposits, token issuance, and blockchain verification, as per a Thursday press release. Each KRW1 token maintains full collateralization through South Korean won held in escrow at Woori Bank, with real-time banking API integration providing transparent proof of reserves, according to BDACS’ statement. The company trademarked the KRW1 brand in December 2023, building infrastructure before the advent of formal regulations. KRW1 launched on the Avalanche blockchain, chosen for its “high-performance capabilities” and recognition by Korea’s Internet & Security Agency for “reliability in public-sector applications.” “The successful test pilot of KRW1 demonstrates the need for a highly-performant and reliable blockchain tailored for a regulatory-compliant stablecoin,” Justin Kim, Head of Asia at Ava Labs, said in the statement. BDACS envisions KRW1 serving remittances, payments, investments, and deposits, with public-sector deployment planned for low-cost payment and settlement systems in emergency relief disbursements. The company plans to expand KRW1 to additional blockchains and explore collaborations with global stablecoin networks, including potential partnerships with USD-backed issuers Circle and Tether, according to the press release. Stablecoins in Asia South Korean internet giant Kakao is also developing a won-pegged token through its Kaia blockchain, having registered trademarks including “KRWGlobal” and “KRWKaia” in August, Decrypt reported earlier. The launch comes as Korea’s neighbors advance their own stablecoin initiatives, with Japan’s JPYC…
Paylaş
BitcoinEthereumNews2025/09/18 19:28
Ripple CEO Reacts to BBB Rating for Ripple Prime, Lists Three Points It Validates

Ripple CEO Reacts to BBB Rating for Ripple Prime, Lists Three Points It Validates

The post Ripple CEO Reacts to BBB Rating for Ripple Prime, Lists Three Points It Validates appeared on BitcoinEthereumNews.com. Brad Garlinghouse, CEO of Ripple
Paylaş
BitcoinEthereumNews2026/04/03 11:28
US Dollar Index (DXY) Forecast: Critical Double Top Pattern Looms at 100.60 Resistance

US Dollar Index (DXY) Forecast: Critical Double Top Pattern Looms at 100.60 Resistance

BitcoinWorld US Dollar Index (DXY) Forecast: Critical Double Top Pattern Looms at 100.60 Resistance Financial analysts are closely monitoring the US Dollar Index
Paylaş
bitcoinworld2026/04/03 10:35

Trade GOLD, Share 1,000,000 USDT

Trade GOLD, Share 1,000,000 USDTTrade GOLD, Share 1,000,000 USDT

0 fees, up to 1,000x leverage, deep liquidity