The post ETH May Take Moon Shot: Trading Legend Peter Brandt appeared on BitcoinEthereumNews.com.

This pattern could support ETH’s moonshot, Brandt says Ethereum ICO whale keeps dumping ETH Renowned commodity trader Peter Brandt with a long successful trading career has spotted a pattern that indicates that the second-largest cryptocurrency Ethereum, which Brandt often criticizes, may show a massive price increase soon. Brandt published an ETH chart, which he seldom does and if such a chart is featured in his tweets, those posts are mostly negative about Ethereum. But this time, the trader shared a bullish ETH price prospect with his X followers. You Might Also Like This pattern could support ETH’s moonshot, Brandt says In the tweet, the trading legend admitted that he usually prefers not to say anything good about Ethereum, and this attitude has earned him a reputation of an “ETH hater” in the community. “I guess you are right,” he admits. He frequently calls Ethereum a “broken utility coin.” I usually go out of my way to NOT say anything good about $ethYou can call it “hating” — I guess you are rightBut, this congestion pattern could support a moon shot pic.twitter.com/vmLm52FaJt — Peter Brandt (@PeterLBrandt) May 9, 2025 However, he adds, “this congestion pattern could support a moon shot,” talking about the chart he posted. It shows that ETH is currently moving within a long-term symmetrical triangle pattern. And, according to the chart, ETH has been moving in this pattern since 2021. Peter Brandt says if ETH manages to overcome the $2,150 resistance level, it can target $4,000 or even higher. The last time ETH was able to rise that high was Nov. 16, 2021, when it reached an all-time high of $4,891. Currently, after the recent 33% surge shown in a single day, Ethereum is changing hands at $2,370, which is 51.69% below the historic peak of 2021. You…

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Filed under: News - @ May 10, 2025 5:19 pm