©Reuters
CRYPTO MARKETS – Veteran trader Peter Brandt, known for his market analysis and followed by over 707,300 people on social media, recently updated his stance on (ETH) from bearish to neutral. This change in position comes after Ethereum broke through a key resistance level in an ascending triangle pattern, defying expectations of a fall to $650. The cryptocurrency is currently trading at $2,316.
In addition to his comments on Ethereum, Mr. Brandt highlighted the performance of (SOL), which reached the target price of $86.48 that he had previously set. Over the past week, Solana has seen a notable rise in its value, showing a 56% increase with its current price standing at $111.55.
Mr. Brandt’s change in sentiment toward Ethereum and acknowledgment of Solana’s strong performance reflects the dynamic nature of cryptocurrency markets. Investors often look to experienced analysts like Mr. Brandt for insight into market trends and potential changes in dynamics. With this recent development, both Ethereum and Solana have attracted the attention of traders and investors who are adjusting their strategies in response to changing market conditions.
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