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Ethereum about to explode? Peter Brandt, known for his bearish forecasts, changes course. His technical analysis reveals a strong bullish signal, suggesting a possible “moon shot“. With a symmetrical triangle forming, the resistance breakout could propel ETH towards 4,000 dollars.
In Brief
- Peter Brandt anticipates a bullish “moon shot” for Ethereum with a potential target of $4,000.
- Brandt’s shift in stance, supported by Raoul Pal, is restoring investor confidence in Ethereum.
- Ethereum is up 30% in a week, breaking through several key resistance levels.
Ethereum: a chart pattern with strong bullish potential
Since 2021, ethereum has been evolving in a symmetrical triangle configuration, a classic pattern often signaling a strong directional breakout. Peter Brandt, accustomed to bearish projections on ETH, now sees a major bullish opportunity. The support is around 2,150 dollars, tested several times. The approaching upper resistance would be the trigger point for a possible “moon shot“.
In case of a confirmed breakout:
- The first target would be the 3,500 dollar area;
- The second target, mentioned by Brandt, exceeds 4,000 dollars;
- Increasing volume strengthens the credibility of the upcoming movement.
Peter Brandt: from a bearish scenario to a strategic turnaround
Long considered one of Ethereum’s toughest critics, Peter Brandt recently targeted abyssal levels below 800 dollars. His turnaround is surprising: the analyst now sees a potential explosion. The descending triangle has thus given way to a clear bullish figure. For Brandt, ETH is no longer to be buried but closely watched.
Especially since ethereum has gained more than 30% in one week, overcoming several intermediate resistances including the crossing of 2200 dollars. If this momentum continues:
- The 4,000 dollar target becomes technically realistic;
- Triangle validation would open a long-term bullish cycle;
- Brandt’s reversal could act as a psychological catalyst.
Raoul Pal validates the analysis: a strong signal for ETH investors
Raoul Pal, founder of Real Vision, relayed Brandt’s analysis, providing dual technical and institutional endorsement. This sharing is not limited to a simple comment: it implies implicit validation of a scenario many still considered unlikely. Pal, known for his macro vision, thus strengthens the idea of a favorable momentum for ethereum.
This convergence of analysts presents three implications:
- A consolidation of professional investors’ confidence;
- A potential increase in volume on ETH via derivatives;
- A shift in the narrative around ethereum, becoming a strategic asset again.
Peter Brandt’s reversal is not trivial. It restores to ethereum a dynamic absent for several quarters. If the identified technical resistance breaks, the second asset of the crypto market could initiate an explosive cycle and reach 15,000 dollars this May. In a context where even its fiercest critics are revising their forecasts, buyers now have a strong argument to aim for new highs.
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
