Peter Brandt, who compared Ethereum to trash and scrap, screwed up! Announced New ETH Target!

Spot Ethereum ETFWhile the approval of ‘s was welcomed with enthusiasm in the market, in general ETH An optimistic picture is drawn for

At this point, while the upward expectation for the ETH price is increasing, another prediction is made by the famous analyst. Peter BrandtIt came from.

Stating that he is in favor of classical charts as an investor, Peter Brandt said that he shares his expectation of ETH as a swing trader who draws lines on the charts and buys/sells formation breaks.

Accordingly, Brandt, who expects an increase in Ethereum, points out that there is a classic descending wedge pattern on the ETH chart.

Referring to the feature of this model as a bullish signal that generally indicates an upward break, Brandt stated that the upward momentum in the Etheruem price started at $ 2,741.

Brant pointed out that there was an upward break at $2,741. He set his first target for ETH as 4,083.

As a trader I’m a classical chartist (Schabacker, 1934)
I’m a swing trader who draws lines on charts & buys/sells pattern breakouts
Hit rate = 55%
Here are 4 trades I’m in now with entry/targets noted
long $ETH spot
Long Meal futures $ZMN24
long $GLD
Long Silver futures $SIU24 pic.twitter.com/pc1V8WJxhO

— Peter Brandt (@PeterLBrandt) May 26, 2024

Legendary analyst Brandt, Ethereum Although he expected an increase for ETH, he had stated in his previous analysis that he expected a decrease, comparing ETH to garbage and scrap.

*This is not investment advice.