The pessimistic forecasts of Peter Brandt, one of the most seasoned traders on the financial scene, are plunging the crypto community into palpable concern. Indeed, the price of Ethereum could well collapse to $1,550, a level rarely seen in recent years. In a context of widespread correction in the crypto market, this prediction shocks as much as it challenges. Ethereum, although considered one of the pillars of the sector, is in fact mired in a marked downward spiral, with no signal of recovery on the horizon.
Peter Brandt's prediction a major sell signal
Peter Brandt's announcement had the effect of a bombshell. According to this market veteran and CEO of Factor Trading, Ethereum could well fall to a floor of $1,550. In his technical analyses, Brandt highlights the absence of a “buy signal” for ETH, a situation he describes as “unequivocally bearish”. It is based on a chart pattern marked by a succession of “decreasing peaks and troughs”, a structure which, according to him, clearly illustrates the exhaustion of buyers in the face of constant selling pressure. For Brandt, the $1550 level is not just a theoretical target, but a likely landing point if the current trend does not reverse.
These forecasts are made in a context where Ethereum struggles to maintain key levelswith a generally weakened market. After a drop of more than 5.5% in recent days, the price of ETH remains trapped in a bearish channel. This spiral could, according to the analyst, continue to intensify without the intervention of positive catalysts. The crypto community is watching these signals with particular attention, aware that such low levels could weigh heavily on the sector as a whole.
Additional analyzes and other perspectives for Ethereum
However, not all analysts share Brandt's pessimism. Michael van de Poppe, another influential observer and CIO & Founder of MN Consultancy, qualifies this view and indicates that the ETH market could see a reversal, in particular due to macroeconomic factors like the evolution of Fed rates and US employment data. “If Ethereum manages to establish support at the current level, a rebound could begin,” he specifies. He adds that the correction could ultimately be just a step before a recovery. According to him, an additional reduction of 10 to 20% is possible, but not inevitable.
Other analysts also note some positive signals, such as capital flows into spot Ethereum ETFs, which, although still limited, are showing renewed interest. The BlackRock Ethereum ETF, for example, saw inflows of $50 million, a sign that some institutional investors continue to see long-term potential in the asset. However, this dynamic remains modest compared to sales volumes, which could affect price stability in the coming weeks.
Peter Brandt's predictions sound like a warning to investors, but the divergent views show that Ethereum's future is not sealed. Thus, overall economic variables, institutional investor choices and technical support levels will play a central role in the asset's trajectory. Whether or not this drop reaches $1,550 for the price of ETH, one thing is certain: Ethereum remains in the spotlight, and the days to come will be decisive in assessing the true resilience of this essential asset in the crypto universe.
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