CandleFocus Veteran Trader Brandt Confirms Ethereum Bull Run, Calls ETH Chart “Most Interesting”
2024-10-21
Author: Content Editor
Renowned trader Peter Brandt has confirmed a bullish trend reversal for Ethereum, stating that its chart is now one of the most interesting. Ethereum has seen a 5% gain, reaching $2,765, its highest point in October. Brandt has highlighted a developing Inverted Head and Shoulders pattern on Ethereum's daily chart, signaling promising bullish signs. For the pattern to confirm, Ethereum needs to break above the crucial resistance level near $2,745. Despite acknowledging the positive signs, Brandt has not taken a position and is cautious, waiting for further confirmation. Other analysts also see promising prospects for Ethereum with potential price levels at $3,900.
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