Ethereum

Savvy

Long

Bitcoin

when

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Savvy commodity trader Peter Brandt has posted another Ethereum-themed tweet. This time, however, it was not as harsh as the one the trader posted earlier today, when <a href="https://u.today/legendary-trader-peter-brandt-unleashes-fury-on-ethereum-its-a-junk-coin">he labeled ETH a “junk coin</a>.”
The legendary trading expert tweeted that since he is a chart-based swing trader, believing ETH to be junk would not stop him from “taking a leveraged long position in ETH if the charts so indicated.” A chart is a chart, he added.
<blockquote>
 As a post note, I am a chart-based swing trader. I would not hesitate taking a leveraged long position in <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> if the charts so indicated. A chart is a chart is a chart. <a href="https://t.co/JcHGSUQeL4">https://t.co/JcHGSUQeL4</a>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1776244815359090776?ref_src=twsrc%5Etfw">April 5, 2024</a>
</blockquote> 
Earlier today, Brandt proclaimed ETH a junk coin “despite mindless devotion of Etheridiots.” Brandt believes that Ethereum cannot compete with Bitcoin as a store of value (“a BTC pretender”). Ethereum’s functionality is junk, he believes, since ETH is hard to use with its layer-2 solutions and the tremendous transaction fees on this blockchain.
Brandt is certain, however, that Ethereum will always attract “investors,” most likely meaning “Etheridiots.” In late December last year, the trader <a href="https://u.today/i-shorted-eth-on-friday-seasoned-trader-peter-brandt-admits-expecting-650-per-eth-soon">admitted to having just shorted Ethereum</a>.

I Would Take Long Position in ETH, Peter Brandt Says After Bashing Ethereum

U_Today

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