Veteran Petter Brandt has set a striped style in the ETHEREUM price, which is believed to lead to a big price step. Brandt, known for his important views about Ethereum, stated that the current crowding style on the monthly graph of ETH can support what he called the “moon shot”.
Brandt has shared his social media analysis, noting that ETH was circulated in a long -term similar triangular style since 2021. This configuration often appears during the standardization of the market and can lead to strong prices if confirmed.
The Ethereum Breakout price structure proposes to $ 6000
according to Peter Brandt schemeEthereum price shape a large similar triangular style on the monthly time frame. This style is made of its highest level and its highest level, which presses the price of the ETH in the narrowing range. The upper borders link the highlands from 2021 and 2024, while the lower border was formed from the bottom of 2022 and 2025 lower.
Brandt indicated that this style can be a base for a large upward moving. “The congestion pattern can support this moon shot,” he said. He also stated that he generally avoids positive commenting on the price of ETHEREUM, but he sees the technical power in the structure of the current scheme.
The ETH price bounced from a decrease in the triangle for about $ 1728 and $ 2,150 and closed the May 2025 tape at $ 2,314.46, with a monthly profit of $ 520.49. Brandt added that if the price of Ethereum exceeds the resistance of the triangle, ranging between 2,850 – 2900 dollars, the price may reach between 5,600 dollars and $ 6000.
The ETH 2020 penetration price pattern matching
Some analysts, such as Trader Tardigrade, pointed to a frequent pattern of 2020. ETH formed a similar ascending triangle in 2020, followed by a strong gathering from $ 150 to $ 400 within a few months. Current 2025 mirrors that preparation, with the level of horizontal resistance and the height of the support line.
The penetration was distinguished in 2025 with a strong bullish candle and an implicit rise in purchase of purchase, adding credibility to this step. Ethereum Price is currently a bonus support curve at its price, similar to the 2020 structure that has led to a multi -month gathering.
According to the projection path from the height of the triangle, the ETH can move about $ 3800 and beyond if the current closure is done. Moreover, institutional developments also contribute to the increasing interest in Ethereum. This week, Blackrock applies to get Ethereum ETF with Staking after the ETH upgrade, providing new ATH hit hopes.
Pisces activity in addition to attention
While ETH continues its upward movement, the data on the chain shows that the accumulation portfolio receives record flows. A large blue tape indicates the highest flow in the single period to the accumulated governor in the history of ETH since 2017. Nevertheless, the current ETHEREUM price is still less than 47 % of its highest level ever at $ 4,891 in November 2021.
The last whale activity attracted attention. A wallet linked to Ethereum ICO has sold thousands of ETH in recent weeks. Participant in ICO originally bought 76000 ETH at $ 0.31 each, and holdings were filed steadily, including 1900 ETH sold on KARKEN for $ 4.44 million.
In addition, the Brazilian Stock Exchange B3 announced that it will insert the future ETH and Sol in mid -June, expanding the trading of encryption derivatives in Latin America. This step comes as the market sees Stablecoin’s highest and improved investor morale due to the US interest rate discount expectations.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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