Legendary Analyst and Trader Peter Brandt do not step back when it comes to leading Altcoin Ethereum. Because experienced trader has been expressing his skepticism for years and now he does not change his mind. Ethereum? It is still weak, still losing the ground against Bitcoin. According to him, it is still a bad investment option. However, the part that captures people unprepared is that it does not completely ignore the possibility of a short -term move.
Leader Altcoin Ethereum continues to weaken against Bitcoin!
Kriptokoin.comAs you have followed, the wider crypto market has not followed a complete course. Within a few hours, an estimated $ 8 billion was deleted in liquidations. Total market value? Approximately 540 billion dollars decreased. According to Peter Brandt, the main incident, Bitcoin (BTC), received a blow, but remained in an important price range. The legendary trader now sees two possibilities: rise to $ 136,000, the highest level of all time, or a decline in the middle of $ 70,000, where an old gap that has not been closed in CME Bitcoin futures since November.
Naturally, someone had to ask questions about Ethereum. Peter Brandt says ETH is right about his low performance. The ETH/BTC graph confirms this: Ethereum continues to weaken compared to Bitcoin. There’s nothing surprising in this.
However, there is also a different perspective!
When the leader Altcoin Ethereum is asked if he can make a relief rally, Brandt does not refuse this idea. Actually, this idea looks hot. Probably acknowledges that it is true. It’s not exactly a approval, but it’s enough to attract people’s attention from someone who has a constant decline in ETH.
So where do things go? Brandt still does not believe Ethereum is a strong investment option. He still sees Bitcoin as a dominant force. However, even if it leaves the door open for a potential short -term ETH movement, the trades may want to pay attention. Is it a small opportunity window? Probably. Is it a change in your general opinion? You have no chance.
