Ethereum about to explode? Peter Brandt, known for his bearish forecasts, changes course. His technical analysis reveals a strong bullish signal, suggesting a possible “moon shot“. With a symmetrical triangle forming, the resistance breakout could propel ETH towards 4,000 dollars.

Ethereum: a chart pattern with strong bullish potential

Since 2021, ethereum has been evolving in a symmetrical triangle configuration, a classic pattern often signaling a strong directional breakout. Peter Brandt, accustomed to bearish projections on ETH, now sees a major bullish opportunity. The support is around 2,150 dollars, tested several times. The approaching upper resistance would be the trigger point for a possible “moon shot“.

In case of a confirmed breakout:

• The first target would be the 3,500 dollar area;
• The second target, mentioned by Brandt, exceeds 4,000 dollars;
• Increasing volume strengthens the credibility of the upcoming movement.

Peter Brandt: from a bearish scenario to a strategic turnaround

Long considered one of Ethereum’s toughest critics, Peter Brandt recently targeted abyssal levels below 800 dollars. His turnaround is surprising: the analyst now sees a potential explosion. The descending triangle has thus given way to a clear bullish figure. For Brandt, ETH is no longer to be buried but closely watched.

Especially since ethereum has gained more than 30% in one week, overcoming several intermediate resistances including the crossing of 2200 dollars. If this momentum continues:

• The 4,000 dollar target becomes technically realistic;
• Triangle validation would open a long-term bullish cycle;
• Brandt’s reversal could act as a psychological catalyst.

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Raoul Pal, founder of Real Vision, relayed Brandt’s analysis, providing dual technical and institutional endorsement. This sharing is not limited to a simple comment: it implies implicit validation of a scenario many still considered unlikely. Pal, known for his macro vision, thus strengthens the idea of a favorable momentum for ethereum.

This convergence of analysts presents three implications:

• A consolidation of professional investors’ confidence;
• A potential increase in volume on ETH via derivatives;
• A shift in the narrative around ethereum, becoming a strategic asset again.

Peter Brandt’s reversal is not trivial. It restores to ethereum a dynamic absent for several quarters. If the identified technical resistance breaks, the second asset of the crypto market could initiate an explosive cycle and reach 15,000 dollars this May. In a context where even its fiercest critics are revising their forecasts, buyers now have a strong argument to aim for new highs.