Peter Schiff Sees ETH Crashing to $1,000 if $1,600 Breaks, but Tom Lee Isn't Worried

Three Things to Know Peter Schiff warned of a Black Monday for BitMine and Ethereum ETFs if ETH loses a key floor this weekend. Daily momentum sits deep in oversold territory, yet sellers still control the trend. Saturday's low near $1,710 is the last mapped support before Schiff's line comes into view. Peter Schiff, the gold advocate and longtime crypto critic, urged ETH holders on Saturday to sell. BitMine chairman Tom Lee pushed back. The clash comes as ETH sits at its weakest level since July and the largest corporate holder carries heavy paper losses. Traders now want to know whether the weekend bounce marks real demand or a pause before another leg lower.

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