{"id":195487,"date":"2023-11-02T13:40:22","date_gmt":"2023-11-02T13:40:22","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=195487"},"modified":"2023-11-02T13:40:22","modified_gmt":"2023-11-02T13:40:22","slug":"ethereum-price-analysis-can-eth-reach-1993-according-to-peter-brandt-coinpedia-fintech-news","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/ethereum-price-analysis-can-eth-reach-1993-according-to-peter-brandt-coinpedia-fintech-news\/","title":{"rendered":"Ethereum Price Analysis: Can ETH Reach $1,993 According to Peter Brandt? – Coinpedia Fintech News"},"content":{"rendered":"

Ethereum, after a dark period, is again rolling in an upward direction, as it has climbed from around $1,740 to surpass the critical $1,800 resistance level and avoided significant downward corrections. A Bullish call has driven its price beyond the 50% Fibonacci retracement level, while a substantial rising channel offers strong support near $1,800. This creates a crossroad for a sustained upward movement in Ethereum\u2019s price, providing optimism for investors and indicating a positive trend.<\/p>\n

From here, what comes next will be a shocker for the investors. Let\u2019s dig into the analyst chart to know more.\u00a0<\/p>\n

Analyst Charts the Odds in ETH Price- Look for Breakout Signs?  <\/strong><\/h2>\n

Ethereum is currently trading at $1,836; achieving the projected target of $1,993 would require an 8.5% increase. This begs the question: do you think ETH has the potential to make this significant move?\u00a0<\/p>\n

In a recent analysis, seasoned trader Peter Brandt, with over four decades of experience, has set a bullish target for Ethereum (ETH) at $1,993. Brandt\u2019s prediction is based on Ethereum\u2019s breakout from a right-angled expanding triangle pattern formed over several months.<\/p>\n

This pattern is known for its potential to signal a continuation of an existing trend or a reversal. Brandt\u2019s chart analysis shows how Ethereum\u2019s price movements fit this pattern, and he points out that Ethereum recently broke above the upper trendline of the triangle, indicating a potential uptrend.<\/p>\n

What Next in Ethereum Price?  <\/strong><\/h2>\n

Setting all eyes on the chart, Ethereum formed a flag pattern after the breakout, often seen as a consolidation phase before a possible continuation of the trend. As of the latest data, Ethereum is trading at around $1,836, and Brandt\u2019s target of $1,993 implies an 8.5% increase from the current price. Ethereum has shown strength, with increased trading volume and a positive price trend.<\/p>\n

There is a strong possibility that the retracement level of the downside correction from the $1865 swing high to the $1740 low. Additionally, there is also a central rising channel that is forming with a support building near the $1800 level on the hourly ETH\/USD chart.<\/p>\n

Although sellers have attempted to exploit this market flux, the buyers have steadfastly maintained a floor at $1,750. Consequently, the coin price oscillates between this support level and the overhead trendline.<\/p>\n

Remember that the crypto market is volatile, and price predictions are subject to change. Therefore, while this analysis suggests a bullish scenario for Ethereum, it\u2019s essential to monitor the market and stay updated on the latest developments.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum, after a dark period, is again rolling in an upward direction, as it has…<\/p>\n","protected":false},"author":4,"featured_media":195486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nEthereum Price Analysis: Can ETH Reach $1,993 According to Peter Brandt? - Coinpedia Fintech News - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/ethereum-price-analysis-can-eth-reach-1993-according-to-peter-brandt-coinpedia-fintech-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Analysis: Can ETH Reach $1,993 According to Peter Brandt? - Coinpedia Fintech News - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Ethereum, after a dark period, is again rolling in an upward direction, as it has...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/ethereum-price-analysis-can-eth-reach-1993-according-to-peter-brandt-coinpedia-fintech-news\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-02T13:40:22+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/11\/Ethereum-Price-Analysis-Can-ETH-Reach-1993-According-to-Peter-Brandt-Coinpedia-Fintech-News.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/ethereum-price-analysis-can-eth-reach-1993-according-to-peter-brandt-coinpedia-fintech-news\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/ethereum-price-analysis-can-eth-reach-1993-according-to-peter-brandt-coinpedia-fintech-news\/\",\"name\":\"Ethereum Price Analysis: Can ETH Reach $1,993 According to Peter Brandt? 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