Peter Brandt Predicts ETH Growth To $ 300

Veteran trader and cryptanalyst Peter Brandt believes that the altcoin season is about to begin, and Ethereum hasall chances to significantly exceed the first cryptocurrency.

According to the analyst, the second largest cryptocurrency will soon begin a “significant breakthrough” in the direction of the 0.032 satoshi.

Brandt published a comparative chart of Ethereum and BTC, which clearly showed a huge increase in ETH since the beginning of the year.

Besides the steep dips in March and May, Ethereum’soverall showed good results compared to the military-technical cooperation. Over the past five days alone, Ethereum has managed to gain more than five percent against bitcoin, but the trading guru is convinced that this breakthrough is still far from complete. If the bullish momentum persists, Ethereum could test the $ 300 resistance barrier in the coming days.

Tuur Demeester of Adamant Capital agrees withBrandt’s opinion, saying that the technical picture of Ethereum is very optimistic and will grow in the coming months in connection with the upcoming release of Ethereum 2.0.

Since the beginning of July, most crypto expertsnote a significant increase in altcoin prices in relation to the first cryptocurrency and the official opening of the altcoin season. However, Binance CEO Changpeng Zhao recently suggested that not all coins will be affected by altcoin season. 

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