Well-known trader Peter Brandt believes that the ETH chart no longer promises growth so clearly. In his post in X (727.7 thousand subscribers) he writes that the “Bull Flag” on the asset price chart is invalid:

#ETHis becoming a very intriguing chart for me. The pattern is too long to be considered a flag, the most likely designation is a channel. I can go in any direction with this chart."

The last sentence, of course, is the height of analytical skill 😁

At the same time, let us recall that on May 2, Brandt wrote quite ultimatically that the BTC rate is awaiting a pump if it holds the current local minimum.