Peter L. Brandt, an old-fashioned commodity trader who has been in business since the mid-1970s, sparked the crypto community with a recent tweet.
Peter Brandt predicts ETH to reconsider $800
Brandt shared the chart. This clearly shows how you can expect the trajectory of Ethereum prices to progress from current trading points. The chart typically shows a pattern of downward triangles that predict a deeper price drop.
Over the past year, the second largest cryptocurrency has already shown a significant 46% decline. It has recovered 3.56% and has changed hands at $1,601 since Wednesday, when ETH fell 4% crash after Bitcoin went down after Bitcoin went down. When Brandt published his chart, ETH traded at $1,587 per coin.
ethusd pic.twitter.com/pi73odo96z
-Peter Brandt (@peterlbrandt) April 18, 2025
Earlier this week, Peter Brandt accused Ethereum of “worthless junk.”
Scotty Pippen and Justin Sun are full of Ethereum
As U.Today covered earlier this week, renowned NBA player Scottie Pippen predicted the start of the biggest Altcoin season this Sunday. He said historically, such bull runs always began about 340 days after half of Bitcoin.
The most recent half took place on April 20th last year. That year, the SEC was approved by the Spot ETF under Bitcoin and Ethereum. For a long time, Bitcoin ETFs have shown much higher inflows and fewer outflows than Ethereum ETFs.
Scottie Pippen said ETH is bullish in the long term as they are building projects on this network. It focuses on tokenization of AI, games and real world assets (RWA).
Tron founders and owners of the two crypto exchanges, Polonix and huobi-Justin Sun, tweeted that Tron is not planning to sell Ethereum Holdings despite low performance recently. What they’re planning is to work with Ethereum developers and seek more opportunities to work together to improve the crypto space.
