Ethereum Price Rises to $4.800 According to Peter Brandt!

Ethereum Price Could Rise To $4.800 Says Peter Brandt!

12 May 2025 at 17: 35

Reading time: 2 minutes

The current market cycle doesn't seem to bode well for Ethereum, but I see signs that something big could be coming. Well-known trader Peter Brandt suggests that the course Ethereum could rise to between $3.800 and $4.800 if it breaks above a rising wedge pattern. If it does, it would mean a whopping 92% increase from the current $2.500 level.

Ethereum is slowly coming back

Ethereum finally seems to be regaining some positive momentum. Last week, the coin opened at $1.807 and closed with a 38% return, marking its highest seven-day return since December 2020. Additionally, the price has now surpassed the average purchase price for accumulation addresses, which is $1.900. This price is relevant for those who have bought Ethereum but have little to no history of selling.

Furthermore, data on Binance and the increase in outflows as noted by CryptoQuant point to growing confidence among investors. This could indicate increased liquidity and perhaps even sustained bullish momentum. This is a promising development that cannot be ignored.

Chance of new all-time highs for Ethereum

Brandt even seems to be suggesting that Ethereum could be on its way to a new all-time high. If the price breaks above the resistance he has identified, that would be a very positive sign. It is surprising to see his stance on Ethereum change so much, as he was previously skeptical in 2024. So far, he has been proven right, as Ethereum’s performance in the current market have been disappointing. But in recent weeks, the number two of the market has taken a somewhat stronger position.

Frequently Asked Questions

What is the current price level of Ethereum?
Ethereum is currently trading around $2.500, with recent gains pushing the price above $1.900.

What does the break above the wedge pattern mean for Ethereum?
A break above the wedge pattern could signal that the price can rise to new highs, possibly to $3.800 to $4.800.

Why is there more confidence in Ethereum among investors now?
The increased activity on exchanges like Binance, along with rising outflows, indicate growing confidence and liquidity, which could contribute to an upward trend.

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