Ethereum on the Brink? Peter Brandt Predicts $800 ETH as XRP Surpasses in FDV
Analysts warn of looming crash while some crypto figures remain hopeful
Peter Brandt’s Bold Ethereum Forecast: $800 Incoming?
Veteran trader Peter Brandt has once again stirred conversation in the crypto world, this time with a dire warning for Ethereum (ETH). Based on his technical analysis, Brandt suggests that Ethereum could plunge to $800, a price level not seen since 2022.
According to Brandt, a descending triangle pattern on Ethereum’s chart paints a long-term bearish picture. The key support currently rests at $1,500 — and a break below that line, he warns, could trigger a sharp and rapid decline.
“If Ethereum breaks $1,500, it’s not unreasonable to expect a fall to $800,” Brandt stated, citing historical patterns and a previous test of that level.
ETH Under Pressure: Market Weakness Intensifies
Over the past 12 months, Ethereum has lost more than 46% of its value. At the time of Brandt’s prediction, ETH was trading near $1,587, and has since edged only slightly to $1,596. The broader crypto market has also been weighed down by the Federal Reserve’s interest rate stance, which triggered a pullback in Bitcoin (BTC) — further impacting Ethereum.
Brandt hasn’t minced words in the past, even once calling Ethereum “worthless scrap” — a stark contrast to other voices in the space.
Contrasting Views: Optimism Still Glows in Some Corners
Not everyone shares Brandt’s pessimism. NBA legend Scottie Pippen recently voiced optimism, claiming a major altcoin season is imminent, especially following Bitcoin’s halving cycle. He sees Ethereum as a key beneficiary, citing upcoming developments in AI, gaming, and real asset tokenization.
Likewise, Tron founder Justin Sun expressed continued confidence in Ethereum, stating he will keep holding his ETH and collaborate with Ethereum developers to strengthen the ecosystem. These statements show that faith in Ethereum’s long-term value still exists, despite bearish signals.
XRP Overtakes Ethereum in Fully Diluted Valuation
In a surprising twist, XRP has overtaken Ethereum in Fully Diluted Valuation (FDV) — with XRP reaching $208.4 billion compared to Ethereum’s $192.5 billion. FDV measures the theoretical market cap, including coins yet to be released, offering a different lens than circulating supply.
While Ethereum still dominates in actual market capitalization, XRP’s rise in FDV is being fueled by regulatory clarity, institutional demand, and a surge in cross-border payment use cases.
On the other hand, Ethereum’s evolving tokenomics — especially with recent upgrades — have raised concerns about its competitiveness against rival chains.
Conclusion: Ethereum at a Crossroads
As the battle between bearish forecasts and bullish beliefs unfolds, Ethereum stands at a crucial juncture. Technical indicators suggest further downside, but long-term builders and investors remain committed to its potential.
Share ThisWhether ETH falls to $800 or reclaims higher ground may depend not only on chart patterns but also on broader market sentiment and adoption momentum.
