Peter Brandt Hates ETH But Predicts It Might Outrun a Rocket — Here’s Why 🚀

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If ever there was a chap who could spot a chart pattern from across the room—blindfolded, spinning wildly, and with his spectacles fogged up from the steam of a hot cup of Earl Grey—it is Peter Brandt. Our man Brandt, the undisputed Jeeves of commodity trading, has once again been lured into the dicey parlour of cryptocurrency; this time, his gaze has fallen (not without some theatrical reluctance) on Ethereum, a coin he usually treats with all the affection one reserves for a leaky fountain pen.

Now, Brandt publishing an Ethereum chart is as rare as a Drones Club meeting without a scuffle, and his previous attempts have been peppered with more skepticism than a butler faced with a flambé disaster. Yet, in a stunning twist (think Wooster encountering an unexpected aunt at the country house), he’s gone and posted a *bullish* ETH chart to his social media acolytes. Yes, dash it all, bullish!

This Congestion Pattern May Send ETH to the Stratosphere, Claims Brandt 🚀

In his recent tweet—delivered with the sort of reluctant honesty you’d expect from someone admitting to putting gravy on their pudding—Brandt confesses that praising Ethereum is not, as a rule, among his daily exertions. He’s earned himself the coveted “ETH hater” sash from the community. “I guess you are right,” he concedes, no doubt with a sigh loud enough to startle nearby pigeons. For the record, he’s called Ethereum a “broken utility coin” more times than Wooster’s been rescued from matrimonial entanglement.

I usually go out of my way to NOT say anything good about $eth
You can call it “hating” I guess you are right
But, this congestion pattern could support a moon shot

— Peter Brandt (@PeterLBrandt) May 9, 2025

Yet, in a move that may startle the local wildlife, he adds, “this congestion pattern could support a moon shot,” referring to the bits and bobs on his chart. Apparently, Ethereum has spent the better part of its post-2021 life squatting inside a symmetrical triangle pattern, which, in chartist terms, might be the equivalent of sitting on a powder keg whilst flicking matches.

If ETH can hoof it past the $2,150 resistance (no small task, given its history of spectacular pratfalls), Brandt fancies it might dash up to $4,000 or even more. The last time ETH capered so high was in November 2021, when it reached an all-time high of $4,891 and gave hodlers heart palpitations usually reserved for hearing Aunt Agatha was coming to stay.

Presently, after a recent one-day leap of 33% (cue gasps and monocle-dropping), Ethereum is dawdling around $2,370—a good 51.69% shy of its historic summit, but still, not too shabby for a ‘broken utility’ coin.

Ethereum ICO Whale’s Great Dump-Off Continues 🐋

While ETH’s recent attempt at vertical takeoff has left many starry-eyed, there’s always one party-pooper at the fête. Enter an original Ethereum ICO whale—a chap with legendary holding power and impeccable bad timing. Instead of basking in the rally like everyone else, he’s chosen to offload his trove with the discretion of a dowager at a jumble sale.

Despite the recent $ETH rally, this #Ethereum ICO participant chose to keep selling.

3 hours ago, the whale—who received 76,000 $ETH(costing $23,560) at Genesis—deposited the remaining 1,900 $ETH($4.44M) to #Kraken.

— Lookonchain (@lookonchain) May 10, 2025

This plucky whale pocketed 76,000 ETH for a princely sum of $23,560 from the Genesis block, back when one could buy an ETH and still afford a decent sandwich after. Now, he’s sold his final 1,900 ETH on Kraken for a poultry $4.44 million—a tidy profit if you ignore the pangs of regret. His previous escapades include offloading 5,200 ETH on May 7, another 1,500 on May 4, and, not to be outdone, 3,000 on April 17. Varied, but consistent—a sort of anti-hoarding public service announcement.

And on April 17, after a three-year hibernation, he woke up, presumably stretched, yawned, and promptly pressed ‘sell’.

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2025-05-10 11:35