Peter Brandt Maps Ethereum's Path to $8,600 After $5,000 Breakout
- —Brandt's target is $8,674.50, rounded to $8,600, contingent on a $5,000 breakout
- —First resistance is the $2,800–3,000 zone; ETH trades near $2,660
- —Spot ETH ETFs drew $536.7 million in net inflows from Sept 21–23
- —BitMine holds 5,983,940 ETH and has staked about 85% of its reserves
Why it matters: The technical target implies a 223% gain from current levels but requires ETH to first double to $5,000; ETF inflows and BitMine accumulation support demand.
Source: Cointribune EN