Despite Bitcoin’s price nearing record highs, Ethereum lingers under the $3,000 mark, painting a seemingly bearish picture as selling pressure overpowers. As speculators anticipate potential rallies, there’s also a looming threat of a price plunge. Crypto expert Weslad uses the ABCDE wave analysis to outline a potential dip below $2,000 for Ethereum.
The Optimistic View of Ethereum’s Trajectory
Weslad refers to Ethereum’s 2021 peak of $4,851 as the inception point of a large-scale symmetrical pennant for the digital asset, a trend that has persisted and remains active even four years later in 2025. The analyst posits that Ethereum has been in a prolonged accumulation phase within a fixed corrective range.
The ABCDE wave pattern’s formation is another critical development. This pattern often predicts price highs and lows, and Ethereum’s current position within it may indicate either a recovery or a crash. The analyst places Ethereum within the D wave, which signifies a probable price rise.
“The price action is currently developing near the D point, nearing the pennant’s upper boundary, a critical area that could dictate the next directional move,” Weslad notes. If the D wave unfolds as predicted, Ethereum’s price could surge, reaching above $3,500 before the pattern completes. An Inverse Head and Shoulders Pattern formation indicates possible resistance at $2,855, which has suppressed Ethereum’s price multiple times this year. However, a sustained break above this resistance coupled with a D wave breakout could potentially send the price soaring to new all-time highs above $6,000.
The Pessimistic Ethereum Scenario
Despite the ABCDE wave count’s bullish implications, the possibility of a bearish turn still looms. Following the D wave’s completion, the subsequent E wave, a bearish wave, could trigger a major price drop. If Ethereum faces a temporary rejection at the neckline or pennant resistance, it could instigate an E wave retracement. This scenario could result in Ethereum’s price crashing over 30%, landing it back in the $1,400-$1,800 range where support is strongest.
“The recent price trends show compressed volatility and an increase in buying interest during dips, reinforcing the possibility of an imminent directional breakout,” Weslad cautions. “A decisive move outside this macro structure may mark the start of a new phase of long-term price expansion.”
