Ethereum Price Analysis: Expert Says ETH is Primed for Breakout

Uncover how high Ethereum price can go as Peter Brandt, a veteran trader, hints that ETH is close to a breakout.
By Akash Girimath
Updated July 18, 2025
Peter Brandt Ethereum Price is Primed for Breakout - How High Can ETH Go?

Highlights

  • Peter Brandt's chart suggests a potential "moonshot" rally for Ethereum, with a long-term congestion pattern supporting this possibility.
  • Ethereum has been consolidating over the past three weeks, forming a symmetrical triangle, and is edging closer to a breakout.
  • Institutions like BlackRock and whales have started noticing ETH's strength amid recent market turmoil.

Ethereum price could trigger a massive breakout rally, says Veteran trader Peter Brandt. Although Brandt did not explicitly mention this, his ETH daily bar chart spoke for itself. Based on the trader’s chart and Ethereum price analysis, the ongoing consolidation could trigger a bullish rally.

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Peter Brandt Hints Ethereum Price Edging Closer to Breakout

In a recent post, Peter Brandt hinted that Ethereum price is ready to break out. Specifically, he said, “Every dog has its day — woof woof $ETH,” along with a daily Ethereum bar chart depicting a symmetrical triangle.

Judging based on the symmetrical triangle, there’s no specific breakout directional bias. However, if one considers the 50% rally noted between May 8 and 13, this pattern would morph into a bullish pennant. A bullish pennant is a continuation pattern that forecasts a continuation of the bull trend.

This is not the first time Brandt has commented about Ethereum. On May 9, the veteran trader clarified that he does not hate “Ethereum” just because he does not comment on it. He added a chart, commenting that the long-term congenstion pattern could catalyze a “moonshot” rally for Ethereum price.

“I usually go out of my way to NOT say anything good about $eth You can call it “hating” — I guess you are right But, this congestion pattern could support a moon shot.”

Apart from Peter Brandt, even institutions like BlackRock and whales have also started noticing ETH’s strength amid the recent crypto market turmoil.

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ETH Price Analysis: How High Can Ethereum Go?

If Peter Brandt’s bullish pennant pattern plays out, it would require a decisive daily candlestick close above the pennant’s upper trendline. This move will confirm a bullish breakout, and the target is obtained by adding the length of the rally preceding the pennant to the base of the pennant. Based on Peter Bradnt’s hints, the theoretical Ethereum price target would be $3,611.

In a recently published CoinGape price prediction based on on-chain data, ETH could go as high as $4,000.

Peter Brandt Hints Its Time Breakout - How High Can Ethereum Price Go?
ETH/USDT 1-Day Bar Chart Depicting Bullish Pennant Pattern

However, traders also need to be cautious of fakeouts and rejection at the pennant’s upper trendline. A failure to push out of the symmetrical triangle could lead to a breakdown. In this case, a decisive daily candelstick close below $2,387 will invalidate the bullish pennant. This development could potentially kickstart a 21% correction to $1,879, the next key support.

While this outlook is a short-term price prediction for Ethereum based on Brandt’s comment, check out a long-term outlook for ETH – Click This

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Frequently Asked Questions (FAQs)

1. What is Ethereum's current price?

Ethereum's current price is $2,694.57.

2. What is the predicted target for Ethereum's price?

According to Peter Brandt's bullish pennant pattern, the theoretical target would be $3,611.

3. What could invalidate the bullish pennant pattern?

A decisive daily candlestick close below $2,387 could invalidate the pattern and lead to a 21% correction to $1,879.
Akash Girimath
Senior Cryptocurrency Analyst & Market Strategist Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts. A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise. Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.
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