Factor

Peter Brandt’s long-term Ether chart has a target of $8,600, but only if ETH breaks $5,000.
The token is trading near $2,693, which means the first hurdle alone is about 86% higher.
<h3 id="span-style-font-weight-400-cme-futures-mark-the-top-line-at-8-674-50-span">CME futures mark the top line at $8,674.50</h3>
The chart, which was based on CME Ether futures, was posted on X by Brandt on September 21. It reads $8,674.50, but he rounds it down to $8,600.
“It implies an eventual move to 8,600 once 5,000 is handled,” Brandt wrote. He did not give a date or timetable for the forecast.
From $2,693 to $5,000 takes a gain of about 86%. The full route to $8,600 means a rise of about 219%.
The closer picture begins at $3,000, the first short-term resistance. ETH has climbed from approximately $2,360 earlier in September.
Then there’s the $5,000 threshold Brandt uses as the gate. The target is $8,600, another 72% from a $5,000 print.
<figure style="width: 100%" class="wp-caption alignnone"><img src="https://www.cryptopolitan.com/wp-content/uploads/2026/09/2026-09-27-ether-5000-peter-brandt-8600-chart-01.png" alt="Ether must clear $5,000 before Peter Brandt's $8,600 chart target comes into play." width="972" height="1144">
 <figcaption>
 Peter Brandt’s long-term ETH <a href="https://x.com/PeterLBrandt/status/2102135757393498226" rel="noopener noreferrer nofollow">chart</a> on X.
 </figcaption>
</figure>
<h3 id="span-style-font-weight-400-the-same-no-trade-caveat-covered-xrp-s-5-40-path-span">The same no-trade caveat covered XRP’s $5.40 path</h3>
“A claim of a ‘call’ or simple presentation of a chart is NOT a trade,” Brandt wrote. People who claim trades need to provide proof, he added.
“An X post is NOT proof,” he said.
He gave the same caveat on another long-term XRP chart the same day, which charted a path to $5.40, <a href="https://www.cryptopolitan.com/peter-brandt-xrp-5-40-path-no-trade-call/" rel="noopener noreferrer nofollow">Cryptopolitan</a> reported.
Brandt has been trading commodities since 1976 and founded Factor Trading in 1980.
<a href="https://www.cryptopolitan.com/bitcoin-ether-etfs-largest-inflow-october/" rel="noopener noreferrer nofollow">Cryptopolitan</a> reports that on September 21, US spot Ether ETFs experienced the biggest single-day inflow since October 7, 2025.
The haul came to around $270 million.
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Peter Brandt's $8,600 Ether chart hinges on a first break above $5,000

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