Bitcoin to Finally 'Bury' Ethereum? Peter Brandt Issues Grim Epic 'Letter From the Grave' Call

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class="article"> <h1 class="article__title" data-title='Bitcoin to Finally 'Bury' Ethereum? Peter Brandt Issues Grim Epic 'Letter From the Grave' Call , Category: News ,Author: Gamza Khanzadaev , Date: 21 Nov 2024 , Week: 47' data-url="/bitcoin-to-finally-bury-ethereum-peter-brandt-issues-grim-epic-letter-from-the-grave-call" >Bitcoin to Finally 'Bury' Ethereum? Peter Brandt Issues Grim Epic 'Letter From the Grave' Call</h1> <div class="something"> <div class="something__title">Advertisement</div> <div class="something__nav"> <button class="btn btn--light something__close" aria-label="Close ad"></button> </div> <div class="something__content"> <div class="something__content--long">  <ins class="adsbygoogle" style="display:inline-block;width:728px;height:200px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="4300015380"></ins> </div> <div class="something__content--square">  <ins class="adsbygoogle" style="display:inline-block;width:336px;height:280px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="4924563859"></ins> </div> </div> </div> <div class="share article__share"> <a class="share__link share__link--x" href="#" title="Share to X" onClick='gEvent("twitter","shareTop");window.open("https://twitter.com/intent/tweet?url=https://u.today/bitcoin-to-finally-bury-ethereum-peter-brandt-issues-grim-epic-letter-from-the-grave-call&text=Bitcoin to Finally 'Bury' Ethereum? 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Peter Brandt Issues Grim Epic 'Letter From the Grave' Call")' title="Share to Telegram"></a> <button aria-label="Copy link" class="btn--light share__link share__link--copy" onclick='gEvent("copy","shareTop");copyToClipboard(this)'></button> </div> <div class="article__author"><a class="article__author-user" href="/gamza-khanzadaev"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2022-05/14694.jpg" class="article__author-img" /> <div class="article__author-name">Gamza Khanzadaev</div> </a> <div class="article__author-desc">Peter Brandt issues 'letter from the grave' price alert as Ethereum hits critical support against major cryptocurrency Bitcoin</div> </div> <div class="article__wrap"> <div class="article__sticky"> <div class="share share--sticky"> <button class="btn--light share__btn" aria-label="Share btn"></button> <a class="share__link share__link--x" href="#" onClick='gEvent("twitter","shareSlide");window.open("https://twitter.com/intent/tweet?url=https://u.today/bitcoin-to-finally-bury-ethereum-peter-brandt-issues-grim-epic-letter-from-the-grave-call&text=Bitcoin to Finally 'Bury' Ethereum? 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Peter Brandt Issues Grim Epic 'Letter From the Grave' Call"> </div> <figcaption>Cover image via <a href="/">U.Today</a></figcaption> <div class="disclaimer"> <p class="disclaimer_text">Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.</p> </div> </div> <div class="article__gnews"> <a class="article__gnews-body" href="https://news.google.com/publications/CAAqBwgKMMy2lQsw3ZqrAw?hl=en-US&gl=US&ceid=US:en" target="_blank"> <div class="article__gnews-text">Read U.TODAY on</div> <div class="article__gnews-title">Google News</div> </a> </div> <div class="article__content"> <p dir="ltr">While the price of <a href="https://u.today/bitcoin-btc-approaches-98000-as-altcoins-lag-behind">Bitcoin (BTC)</a> is dramatically updating historic high after high, just as dramatically, the price of <a href="https://u.today/legendary-trader-bollinger-issues-major-ethereum-warning">Ethereum (ETH)</a>, the leading altcoin on the crypto market, is flying in an open peak downward against the major cryptocurrency. Since the beginning of the year, the price of ETH has lost 46.99% to the price of BTC from the high of the year and, as a result, has reached 0.03187 BTC per Ethereum, unseen since March 2021 - that is, for almost four years. </p><p dir="ltr">Of course, the discussions about the terrible performance of Ether, or rather the merciless mockery of it, an asset believed to be able to flip Bitcoin, is one of the most active. </p><p><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/legendary-trader-bollinger-issues-major-ethereum-warning"><img alt="Legendary Trader Bollinger Issues Major Ethereum "Warning" " class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2024-11/s3702.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Tue, 11/19/2024 - 19:35</div> </div><a class="category-item__title-link" href="https://u.today/legendary-trader-bollinger-issues-major-ethereum-warning"> <div class="category-item__title">Legendary Trader Bollinger Issues Major Ethereum "Warning" </div></a> <div class="category-item__footer"><a class="humble humble--author" href="/alex-dovbnya"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2021-07/8888.jpg" alt="Alex Dovbnya">Alex Dovbnya</a></div> </div> </div> </div></p><div class="hot"> <div class="hot__head"> <div class="hot__title">HOT Stories</div> <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a> </div> <div class="hot__body"> <a href="https://u.today/rich-dad-poor-dad-author-im-following-saylors-tactical-bitcoin-investment-plan" class="hot__col"> <div class="hot__col-name"> 'Rich Dad Poor Dad' Author: ‘I’m Following Saylor’s Tactical Bitcoin Investment Plan’</div> </a> <a href="https://u.today/elon-musk-slams-sec-after-scoring-partial-victory-in-court-doge-founder-joins-him" class="hot__col"> <div class="hot__col-name">Elon Musk Slams SEC After Scoring Partial Victory in Court, DOGE Founder Joins Him</div> </a> <a href="https://u.today/enormous-xrp-breakthrough-2-in-sight-dogecoin-doge-at-pivotal-price-level-ethereum-eth-forms-very" class="hot__col"> <div class="hot__col-name">Enormous XRP Breakthrough: $2 in Sight, Dogecoin (DOGE) at Pivotal Price Level, Ethereum (ETH) Forms Very Dangerous Pattern</div> </a> <a href="https://u.today/novogratz-on-bitcoin-approaching-100k-this-is-a-big-moment" class="hot__col"> <div class="hot__col-name">Novogratz on Bitcoin Approaching $100K: 'This Is a Big Moment' </div> </a> </div> </div><p dir="ltr">Thus, the situation on the Ethereum/Bitcoin chart attracted the attention of <a rel="nofollow" target="_blank" href="https://x.com/PeterLBrandt/status/1859430583476027556">Peter Brandt</a>, an expert trader operating on the financial markets since the 1970s, who expressed his reaction to it in an unusual way. In his outlook, he described the situation with a question: “A letter from the grave????” Sounds ominous. </p><div class="something"> <div class="something__title">Advertisement</div> <div class="something__nav"> <button class="btn btn--light something__close" aria-label="Close ad"></button> </div> <div class="something__content"> <div class="something__content--long">  <ins class="adsbygoogle" style="display:inline-block;width:728px;height:200px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="3561648781"></ins> </div> <div class="something__content--square">  <ins class="adsbygoogle" style="display:inline-block;width:300px;height:600px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="2056995427"></ins> </div> </div> </div><p dir="ltr">As can be inferred based on the chart attached by Brandt to the post, the trader is confused by the fact that the price of ETH has approached a crucial level of dynamic support originating back in 2017.</p><div class="raw-html-embed"><blockquote class="twitter-tweet"><p lang="en" dir="ltr" xml:lang="en">A letter from the grave???? <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24ETHBTC&src=ctag&ref_src=twsrc%5Etfw">$ETHBTC</a> <a rel="nofollow" target="_blank" href="https://t.co/FALauZ8M7R">pic.twitter.com/FALauZ8M7R</a></p>— Peter Brandt (@PeterLBrandt) <a rel="nofollow" target="_blank" href="https://twitter.com/PeterLBrandt/status/1859430583476027556?ref_src=twsrc%5Etfw">November 21, 2024</a></blockquote> </div><p dir="ltr">This is either the moment among the last seven years for the major altcoin to prove haters wrong or kill what was once a nearly 559 billion dollar asset, and that is not counting the roughly $120 billion ecosystem. More to the point, Ethereum is still an asset of at least $376.57 billion, according to <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/currencies/ethereum/">CoinMarketCap</a> data, and $34.77 billion in daily volume.</p><h2 dir="ltr">Is Solana able to dethrone Ethereum?</h2><p dir="ltr">Even though the sentiment around the main altcoin is now at about the same lows as its price, it is still one of the flagships of the market and cannot not be discussed - especially by traders and investors who are sucked in by the negative PnL in Ethereum ecosystem tokens and are tired of watching more <a href="https://u.today/solana-sol-scores-major-win-over-ethereum-details">Solana</a> enthusiasts making thousands of percent on various kinds of “animals,” (meme coins) and not only those. </p><figure><img alt="Article image" src="/sites/default/files/inline-images/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202024-11-21%20%D0%B2%2011.57.56.png" data-entity-uuid="189b7816-b92a-4e14-ad9d-1044fd371076" data-entity-type="file" alt="""" /><figcaption><em>Ethereum (ETH) and Solana (SOL) in 2024 by </em><a rel="nofollow" target="_blank" href="https://coinmarketcap.com/currencies/ethereum/"><em>CoinMarketCap</em></a></figcaption></figure><p dir="ltr">The SOL token itself is going for an all-time high upgrade right now with great fanfare.</p><p><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/solana-sol-scores-major-win-over-ethereum-details"><img alt="Solana (SOL) Scores Major Win Over Ethereum: Details" class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2024-11/s4940.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Wed, 11/20/2024 - 15:57</div> </div><a class="category-item__title-link" href="https://u.today/solana-sol-scores-major-win-over-ethereum-details"> <div class="category-item__title">Solana (SOL) Scores Major Win Over Ethereum: Details</div></a> <div class="category-item__footer"><a class="humble humble--author" href="/godfrey-benjamin"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2022-12/29301.jpg" alt="Godfrey Benjamin">Godfrey Benjamin</a></div> </div> </div> </div></p><p dir="ltr">The question posed by Brandt, while theatrical, does seem to be an extremely important point for the Ethereum-Bitcoin relationship. The crypto market is getting to the point where it may lock ETH in a box for a long time and let someone else take its crypto market share.</p> </div> <div class="article__panel"> <div class="article__tags btns-spacer"> <a class="btn btn--hash-tag" href="/bitcoin">#Bitcoin</a> <a class="btn btn--hash-tag" href="/bitcoin-news">#Bitcoin News</a> <a class="btn btn--hash-tag" href="/bitcoin-price">#Bitcoin Price</a> <a class="btn btn--hash-tag" href="/ethereum">#Ethereum</a> <a class="btn btn--hash-tag" href="/ethereum-news">#Ethereum News</a> <a class="btn btn--hash-tag" href="/peter-brandt">#Peter Brandt</a> </div> </div> </div> </div> <div class="article__author -hr-"> <div class="article__author-label">About the author</div> <a class="article__author-user" href="/gamza-khanzadaev"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2022-05/14694.jpg" loading="lazy" class="article__author-img" /> <div class="article__author-name">Gamza Khanzadaev</div> </a> <div class="article__author-desc"><p>Financial analyst, trader and crypto enthusiast.</p> <p>Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. 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