#ETHCrossed2500 Veteran Trader Peter Brandt Calls Ethereum “A Moon Shot”

Ethereum price forms bullish triangle pattern with breakout above $2,850 targeting $6,000 amid whale activity and ETF optimism.

Veteran Trader Peter Brandt Calls Ethereum "A Moon Shot"

Highlights

ETH's monthly chart shows a symmetrical triangle breakout, targeting $5,600–$6,000 if $2,900 resistance breaks.

Whale inflows into ETH accumulation wallets hit highest level since 2017, signaling strong demand.

BlackRock’s ETH staking ETF filing and Brazil's ETH futures plan boost institutional confidence.

Veteran trader Peter Brandt has identified a chart pattern in Ethereum price that he believes may lead to a major price move. Known for his critical views on Ethereum, Brandt stated that the current congestion pattern on the ETH monthly chart could support what he called a “moon shot.”

Brandt shared the analysis on his social media, noting that ETH has been trading within a long-term symmetrical triangle pattern since 2021. This formation often appears during market consolidation and can lead to a strong price breakout if confirmed.