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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

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    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

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    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

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  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

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Home Ethereum

Ethereum rises above $1,500 as Peter Schiff warns, ‘Won’t be long before…’

April 8, 2025
in Ethereum
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Ethereum rises above $1,500 as Peter Schiff warns, ‘Won’t be long before…’
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Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

  • Peter Schiff predicted that Ethereum could fall below $1,000 amid growing market pressure.
  • ETH must reclaim $1,850–$1,900 to escape its current bearish trajectory.

Ethereum [ETH] has taken a significant hit amid the market-wide reaction to Trump’s aggressive tariff rollout, plunging to a low of $1,437.84 before showing a modest rebound.

While ETH has since climbed back above $1,570—up over 4% in the last 24 hours, according to CoinMarketCap—the outlook remains shaky.

Peter Schiff slams Ethereum

Longtime Bitcoin [BTC] skeptic Peter Schiff has doubled down on his bearish stance, warning that Ethereum’s recent bounce might be short-lived.

Remarking on the same, Schiff noted, 

“Ether crashed below $1,500 for the first time in over two years. So far the intraday low was just above $1,400, a 20% drop overnight. I don’t think it will be long before it breaks below $1,000.”

Community opposes Schiff remarks

As expected, the crypto community shunned Schiff’s comments, as highlighted by an X (formerly Twitter) user, who said, 

“Peter, your broken clock predictions about crypto crashes are getting stale. Market cycles are normal – what matters is the underlying technology and adoption. Ethereum’s ecosystem continues to grow despite price fluctuations.”

Echoing similar sentiments was Mert Mumtaz, CEO of Hellius, who added, 

“Wow predicting prices to go down even more is a heroic and contrarian opinion here.”

While some in the crypto space may challenge Schiff’s grim forecast, past market behavior seems to support his caution.

See also  Options Traders Target $4,000 Mark Amid Market Optimism

What more does Schiff add to his argument against ETH?

Schiff points to Ethereum’s drop below $1,000 during the 2022 crash as a precedent, arguing that current conditions show little strength to prevent a repeat.

He further underscores Ethereum’s weakness not just against the U.S. dollar, but more so when measured against Bitcoin.

The ETH/BTC chart, he claims, paints an even bleaker picture—showing a persistent downtrend that reflects mounting sell-side pressure.

For Schiff, this makes Ethereum one of the weakest-looking assets on the board, even comparing it unfavorably to gold.

He added,

“Why, it barely held $1,000 in June 2022? The chart is horrible, even worse priced in Bitcoin than dollars. Of course its worst looking chart is priced in gold.”

The real picture looks grim

However, a closer examination of Ethereum’s price structure reveals a precarious outlook for the leading altcoin.

Hence, to break free from its bearish grip, ETH must regain control of the $1,850–$1,900 range, backed by strong trading volume.

Without this recovery, downside pressure could intensify.

In fact, in the near term, if Ethereum slips below the $1,750 level, it could open the door for a deeper pullback toward $1,650—marking a critical zone to watch for further price deterioration.

Next: First U.S. XRP ETF debuts – Will it impact prices positively? 
Tags: before..EthereumlongPeterRisesSchiffwarnswont

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