Ethereum's price has rallied approximately 200% from its April 2025 low of around $1,383 to a recent high near $4,326, which has notably surprised legendary trader Peter Brandt. This rally is driven by strong investor inflows and growing institutional interest.
Key insights on Peter Brandt's view and the current Ethereum rally:
Brandt identified a symmetrical triangle (or congestion) pattern forming on Ethereum's chart, which historically precedes significant price moves but initially lacks directional bias.
Based on recent price action and prior rallies, Brandt hinted that this pattern could transform into a bullish pennant, signaling continuation of the uptrend, potentially targeting around $3,600 to $4,000+.
Despite previously being cautious or bearish on Ethereum and sometimes critical, Brandt acknowledged Ethereum's long-term potential and the current "moonshot setup" in its chart structure.
The recent 200% rally from $1,383 to $4,326 exemplifies the powerful breakout Brandt anticipated, reflecting a strong bullish momentum supported by both retail and institutional buys.
Brandt also cautioned that failure to maintain key support levels around $2,300–$2,400 could risk a sharp correction, possibly down 20% or more, highlighting a potential fallback near $1,879 if the bullish breakout fails.
His technical perspective emphasizes watching for a decisive close above trendline resistance around $2,380–$2,400 to confirm sustained upward momentum.
In summary:
This rally reflects a major shift in Brandt's outlook on Ethereum and aligns with broader institutional confidence and growing bullish technical patterns.
