Veteran Trader Says Ethereum Will Drop Over 75% To $650: 'Price Charts Are Not Sacred'
Veteran Trader Says Ethereum Will Drop Over 75% To $650: 'Price Charts Are Not Sacred'
Peter Brandt, a veteran commodities trader, on Monday warned that Ethereum (CRYPTO: ETH) is set to drop over 75%.
资深大宗商品交易员彼得·勃兰特周一警告说，以太坊（加密货币：ETH）将下跌75％以上。
What Happened: Brandt believes that classical chart patterns in price charts are not always reliable, even though the rising wedge in Ethereum aligns perfectly with expectations, with a potential target of $1,000 and then $650 if it follows the script.
发生了什么：勃兰特认为，价格图表中的经典图表模式并不总是可靠的，尽管以太坊的上涨楔形与预期完全一致，潜在目标为1,000美元，如果遵循脚本，则为650美元。
"Classical chart patterns in price charts are not sacred – they fail to perform according to the textbooks all the time. But, if the rising wedge in Ethereum $ETH complies with the script, the target is $1,000, then $650. I shorted ETH on Friday — I have a protective B/E stop," he said.
“价格图表中的经典图表模式不是神圣的，它们无法始终按照教科书进行表现。但是，如果以太坊$ETH的上升楔形符合脚本，则目标为1,000美元，然后是650美元。我在周五做空了以太坊——我有一个保护性的B/E止损，” 他说。
Classical chart patterns in price charts are not sacred – they fail to perform according to the textbooks all the time
— Peter Brandt (@PeterLBrandt) December 18, 2023
But, if the rising wedge in Ethereum $ETH complies with the script, the target is $1,000, then $650
I shorted ETH on Friday — I have a protective B/E stop pic.twitter.com/76CciT3PE5
价格图表中的经典图表模式不是神圣的——它们无法始终按照教科书进行表现
— 彼得·勃兰特 (@PeterLBrandt) 2023 年 12 月 18 日
但是，如果以太坊的上升楔形符合脚本，则目标为1,000美元，然后为650美元
周五我做空了以太坊——我有保护性的B/E止损单 pic.twitter.com/76ccit3pe5
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Why It Matters: Last week, Brandt said he was skeptical about Ethereum's future. He said, "ETH is not comparable to BTC as a store of value. Why hodl ETH when you can hodl BTC? And the functionality and gas price of ETH make the crypto a piece of junk".
为什么重要：上周，勃兰特表示，他对以太坊的未来持怀疑态度。他说：“作为一种价值储存手段，以太坊无法与比特币相提并论。既然你可以持有比特币，为什么还要持有以太坊？而以太坊的功能和汽油价格使加密货币成为垃圾”。
According to Brandt, high transaction fees, also known as "gas prices," make Ethereum a less desirable option in the long run. Additionally, he predicted that Ethereum may not even be a listed asset in ten years.
根据勃兰特的说法，从长远来看，高额的交易费，也被称为 “汽油价格”，使以太坊成为一个不太理想的选择。此外，他预测以太坊在十年内甚至可能不会成为上市资产。
Price Action: At the time of writing, ETH was trading at $2,246 up 3.60% in the last 24 hours, according to Benzinga Pro.
价格走势：根据Benzinga Pro的数据，在撰写本文时，以太坊的交易价格为2,246美元，在过去24小时内上涨3.60％。
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