Peter Brandt: Ethereum's Long-Term Resistance Level Is $5,000, and a Break Above This Level Could See It Reach $8,600.
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Crypto Economy
Cryptocurrency News | Cryptocurrency Prices | Market CapVeteran Trader Peter Brandt Sees Ethereum Reaching $8,600 for 200% Upside
TL;DR Veteran trader Peter Brandt projects Ethereum could eventually reach $8,600 after breaking above $5,000. Brandt has spent five decades trading and previously identified major moves in gold and Bitcoin. The target would represent more than 200% upside from the level discussed in his latest analysis and roughly 75% above Ethereum’s 2025 all-time high. Peter ...
Peter Brandt published long-term graphics that point to XRP in USD $5.40 and ETH in USD $8.600, although he stressed that these technical projections do not constitute a purchase recommendation or proof that he holds positions.
According to ChainCatcher, Peter Brandt, the renowned trader and chart analyst who successfully predicted the 2018 Bitcoin crash, shared his long-term view on Ethereum. He stated that with the current price of Ethereum around $2794, it suggests a potential rise to around $8600 after breaking through the $5000 resistance level. Furthermore, Peter Brandt believes that XRP's long-term target could reach $5.40.
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