Buckle up, folks! The one and only Peter Brandt, the crypto trader with a knack for making bold predictions, has unleashed his thoughts on Ethereum, and let me tell you, it’s a wild ride! π’
According to Brandt, Ethereum is nothing but a steaming pile of trash, a bad bet that’s been losing ground against the mighty Bitcoin. But wait, there’s a catch! π€ Even this crypto curmudgeon is leaving the door open for a potential short-term ETH move, which has everyone scratching their heads. π€―
The broader crypto market has been a rollercoaster, with an estimated $8 billion wiped out in liquidations and the total market cap plummeting by a whopping $540 billion. πΈ But Brandt sees two possibilities for Bitcoin: a rally to a new all-time high of $136,000 or a drop into the mid-$70,000s. π€
Paging, Mr. Darvas. If a Nicolas Darvas is in the audience, please come to the information desk $BTC π΅οΈββοΈ
β Peter Brandt (@PeterLBrandt) February 3, 2025
When it comes to Ethereum, Brandt is as stubborn as a mule. He’s been right about ETH’s underperformance, and the ETH/BTC chart only confirms it. But here’s the kicker: even this crypto curmudgeon is willing to entertain the idea of a potential ETH relief rally. π€―
The Catch
Brandt may still not believe in Ethereum as a strong play, but the fact that he’s leaving the door open for a short-term move has everyone on the edge of their seats. πΏ Traders might want to keep a close eye on this, as a small window of opportunity could be lurking. π
Probably right π€·ββοΈ
β Peter Brandt (@PeterLBrandt) February 3, 2025
So, there you have it, folks! The crypto world is full of surprises, and Peter Brandt is the one who’s keeping us on our toes. π’ Who knows what he’ll come up with next? π€―
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2025-02-04 13:53