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Ethereum could reach $8,600 if it breaks $5,000, says analyst Peter Brandt, but key resistances remain.

Technical Signals
24 Sep 2026
Cointribune
View Source
Bullish
Ethereum could reach $8,600 if it breaks $5,000, says analyst Peter Brandt, but key resistances remain.

Analyst Peter Brandt forecasts Ethereum could rise to $8,600 if it first breaks the $5,000 resistance level. Currently trading around $2,660, Ethereum must overcome intermediate resistances at $3,000 and $5,000 before reaching the long-term target. This scenario is based on technical chart analysis without a specific timeline or guarantee. Meanwhile, Ethereum ETFs and companies like BitMine are increasing their holdings, supporting demand but not assuring the price target.

Ethereum trades at Rp47.356.743 on Pluang as of Sep 24, 2026 18:54 WIB, down 2.08% in the last day. The market cap stands at Rp5.788,7 trillion with a 24-hour volume of Rp303,59 trillion. Buyers dominate with 73% of order activity, and the typical hold time is 106 days, showing steady investor interest despite recent price dips.

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