Peter Brandt Ethereum Price is Primed for Breakout - How High Can ETH Go?

Question

Veteran trader **Peter Brandt** shared his take on the current state of **Ethereum (ETH)**, suggesting it’s **poised for a breakout**. Although Brandt did not explicitly mention this, his **ETH daily bar chart** spoke for itself. Based on the trader’s chart, the Ethereum price has been **consolidating** over the past three weeks, forming a **symmetrical triangle**, edging **closer to a breakout**. If successful, **how high can the ETH price go?**AdvertisementAdvertisement## **Brandt Hints Ethereum’s Day Will Come as ETH Price Edges 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.> > Every dog has its day — woof woof $ETH pic.twitter.com/C84UeX3YUF> > > — Peter Brandt (@PeterLBrandt) June 9, 2025> > 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.AdvertisementAdvertisement## **How High Will ETH Price 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.![](data:image/svg+xml,%3Csvg%20xmlns=')ETH/USDT 1-Day Bar Chart Depicting Bullish Pennant PatternHowever, 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 ThisAdvertisement## 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.  ✓ Share:![](data:image/svg+xml,%3Csvg%20xmlns=')