Veteran Trader Peter Brandt Warns Ethereum Could Plunge 70% to Under $700
• Veteran trader Peter Brandt warns Ethereum could crash 70% to below $700 • Brandt sees Ethereum forming a rising wedge pattern, with targets of $1,000 then $650 • Brandt shorted Ethereum on Friday with a protective break-even stop • When questioned, Brandt defended his rising wedge interpretation as contrarian • With Ethereum at $2,156 currently, a drop to $650 would be a nearly 70% decline