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Peter Brandt It does not retreat when it comes to Ethereum, because the veteran trader was honest about his doubts for years, and he does not change his melody now. ethereum? It is still weak, still loses the ground against bitcoin. However, in his opinion, a bad bet. But this is the part in which people caught the guard: it did not refuse the possibility of a short -term step.
The broader encryption market was not smooth. Within hours, an estimated $ 8 billion was eliminated in the liquidation. The total number of market? A decrease of about $ 540 billion.
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Bitcoin (BTC), the main event, achieved great success but remained within the main price range, according to Brandt. Now the expert trader sees two possibilities: collecting to $ 136,000, which will be the highest new level ever, or a decrease in mid -70,000 dollars, as it is still an old non -future gap on CME Bitcoin futures from November.
Of course, someone had to ask about Ethereum, and Brandt doubled. He was right in the weak performance of ETH, the trader says. The ETH/BTC chart only confirms that – ETHEREUM continues to be weak for Bitcoin. No surprise there.
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When clicking on whether Ethereum may have a relief gathering, Brandt did not close the idea. In fact, I enjoyed it. This may be true. Not exactly support, but from someone who was constantly proportional to ETH, it was enough for people to notice.
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So where does he leave these things? Brandt still does not believe in excitement as a strong play. He still sees Bitcoin the dominant power. However, even if he leaves the door open due to a possible short -term ETH step, traders may want to pay attention. A small window of opportunities? maybe. He turned in his general point of view? It is not an opportunity.
