Ethereum has so far witnessed intensified attention from the crypto community following the swirling reports of the likely launch of Ethereum spot exchange-traded-funds (ETFs) next week. Of those giving the asset increasing attention is Peter Brandt, a veteran trader who has recently shared exciting insights into Ethereum’s price action. Renowned for his decades-long track record in financial markets, the veteran trader has provided Ethereum’s highly optimistic technical analysis. Through his analysis of Ethereum’s price movements, Brandt predicts a potential surge that could redefine ETH’s current market standing. Related Reading: Ethereum’s Breakout Moment: Is a $7,500 Target Achievable? Experts Weigh In $5600 On The Horizon Based On This Brandt’s projections are based on recently discovered a “four-month rectangle” on the Ethereum price chart. This pattern indicates a consolidation phase, where Ethereum has fluctuated within a stable price range. According to Brandt, such consolidation might be the calm before a significant upward breakout. This view provides investors with hope, and it is also consistent with general sentiment confirming that periods in which the price remains st ..
Support the originator by clicking the read the rest link below.