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 ..
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