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%.
資深大宗商品交易員彼得·勃蘭特週一警告說，以太坊（加密貨幣：ETH）將下跌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.
發生了什麼：勃蘭特認爲，價格圖表中的經典圖表模式並不總是可靠的，儘管以太坊的上漲楔形與預期完全一致，潛在目標爲1,000美元，如果遵循腳本，則爲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 $650. I shorted ETH on Friday — I have a protective B/E stop," he said.
“價格圖表中的經典圖表模式不是神聖的，它們無法始終按照教科書進行表現。但是，如果以太坊$ETH的上升楔形符合腳本，則目標爲1,000美元，然後是650美元。我在週五做空了以太坊——我有一個保護性的B/E止損，” 他說。
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
價格圖表中的經典圖表模式不是神聖的——它們無法始終按照教科書進行表現
— 彼得·勃蘭特 (@PeterLBrandt) 2023 年 12 月 18 日
但是，如果以太坊的上升楔形符合腳本，則目標爲1,000美元，然後爲650美元
週五我做空了以太坊——我有保護性的B/E止損單 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".
爲什麼重要：上週，勃蘭特表示，他對以太坊的未來持懷疑態度。他說：“作爲一種價值儲存手段，以太坊無法與比特幣相提並論。既然你可以持有比特幣，爲什麼還要持有以太坊？而以太坊的功能和汽油價格使加密貨幣成爲垃圾”。
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.
根據勃蘭特的說法，從長遠來看，高額的交易費，也被稱爲 “汽油價格”，使以太坊成爲一個不太理想的選擇。此外，他預測以太坊在十年內甚至可能不會成爲上市資產。
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.
價格走勢：根據Benzinga Pro的數據，在撰寫本文時，以太坊的交易價格爲2,246美元，在過去24小時內上漲3.60％。
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