Peter Brandt Labels Ethereum’s New ATH ‘Powerful’
Legendary trader Peter L. Brandt praised Ethereum’s latest surge to a new all-time high as “Powerful” in a single-word X post. Ethereum jumped over 15% in one day, climbing from $4,238 to $4,885—its highest level since November 2021. The breakout followed Federal Reserve Chair Jerome Powell’s announcement of an upcoming rate cut, driving a swift crypto market reaction. Bitcoin dominance fell to 56.5% as ETH momentum strengthened. At press time, Ethereum traded around $4,739. Bitcoin also rallied, rising 4.6% to hit $117,420 before settling near $115,700. Coinbase CEO Brian Armstrong echoed the bullish sentiment, congratulating the community on the record-breaking Ethereum ATH.
Bullish
Ethereum’s breakout to a new ATH, endorsed by veteran trader Peter Brandt and reinforced by Federal Reserve rate-cut expectations, signals strong bullish momentum. The 15% one-day gain demonstrates renewed investor confidence driven by macroeconomic catalysts. Bitcoin’s concurrent rally and decreased dominance highlight a shift toward altcoins, intensifying short-term trading activity. Long-term, positive sentiment around Ethereum’s price performance and macro support could sustain upward trends, encouraging continued inflows from both retail and institutional traders.