Ethereum’s $1,800 Plunge? Fundstrat’s Forecast or a Midlife Crisis? 🤯📉

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In the grand tradition of wizards arguing over the colour of the sky while the world burns (or at least smoulders), the crypto market has found itself in a delightful conundrum. A screenshot, allegedly from Fundstrat Research, suggests that Tom Lee’s firm is now predicting a 2026 Ethereum crash to $1,800-despite Mr. Lee recently declaring ETH “severely undervalued” at $3,000. One wonders if the firm’s analysts met in a room with a dartboard and a whiteboard, or if they just asked the office AI to “simulate panic”.

Wu Blockchain, the Agony Aunt of blockchain, shared the document on X, claiming it was timestamped “Wednesday, Dec. 17, 2025 at 7:34 p.m. ET”-a time so specific it could be the moment someone accidentally left their coffee unattended. The internal note, titled “2026 Crypto Outlook: Near-Term Headwinds, Second-Half Upside,” sounds like a motivational poster for a stormy sea voyage.

Fundstrat’s Bearish Call Vs. Tom Lee’s Bull Case

The document, credited to Sean Farrell (Fundstrat’s head of digital asset strategy), predicts a “meaningful drawdown” in early 2026. For context, if Ethereum drops to $1,800, that’s like your car suddenly deciding it’s a bicycle. The note also claims these levels would be “attractive opportunities into year-end.” One can only assume the firm’s definition of “attractive” involves a lot of spreadsheets and very little sleep.

The market’s reaction? A collective eye-roll so loud it could power a mining rig. Tom Lee, meanwhile, has been bullish enough to make a bull blush, recently predicting ETH could hit $20,000 next year. The contrast is so stark, it’s like watching a penguin argue with a flamingo about who’s better at swimming. Sean Farrell later clarified on X that there’s no “internal conflict”-just different strategies for different clients. One analyst is for the long-term institutional types (“we’re buying BTC like it’s 2021”), while another is for the crypto-obsessed (“we’re selling ETH like it’s 2018”). A masterclass in hedging, apparently.

Farrell’s research warns of “near-perfection” pricing and elevated risks, citing government shutdowns, AI spending chaos, and a Federal Reserve chair transition. He also mentioned “OG selling” and MSCI MicroStrategy delisting as potential issues. One suspects if the moon exploded, he’d add that to the list too. His base case? “An early-year bounce followed by another 1H drawdown.” Sounds like a rollercoaster designed by a disgruntled accountant.

Despite the doom-mongering, Farrell still expects BTC and ETH to “challenge new ATHs by year-end.” The market, ever the optimist, is currently trading Ethereum at $3,043-proof that either the algorithms are drunk or the future is a joke nobody gets. For now, the crypto world remains a place where no one agrees on anything except that volatility is inevitable. And perhaps the price of coffee.

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2025-12-22 17:06