Experienced Analyst Peter Brandt Warned About Formation in Ethereum!

Experienced trader and analyst Peter Brandt shared his current opinion about Ethereum (ETH).

Peter Brandt included his analysis of Ethereum in his social media post dated June 11. Stating that we are on a head-and-shoulder hill considering the current outlook, the analyst noted that this is controversial and that he does not recommend a short position.

Implying that this could work this way not only for Ethereum but for all cryptocurrencies, the analyst warned investors against sudden increases:

This is  debatable head and shoulders above. I do not short cryptos.

According to CoinGecko data, Ethereum, which has increased by 3% in the last 24 hours, is traded in dollars at the time of writing.