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Ethereum could reach $8,600 if it first breaks $5,000, says trader Peter Brandt.

Analyst Insights
23 Sep 2026
Bitcoin
View Source
Bullish
Ethereum could reach $8,600 if it first breaks $5,000, says trader Peter Brandt.

Veteran trader Peter Brandt predicts Ethereum (ETH) could eventually climb to $8,600 if it first surpasses the $5,000 mark. Currently trading around $2,700, ETH would need to gain about 84% to reach $5,000, which Brandt identifies as a key long-term threshold. This outlook is supported by significant ETH purchases from large holders and strong inflows into ETH exchange-traded funds, indicating growing institutional interest. Investors should watch the $5,000 level as a critical point for potential further gains toward Brandt's $8,600 target.

Ethereum is trading at Rp47.624.674 on Pluang as of Sep 23, 2026 21:44 WIB, down 2.93% in the last day. The market shows a balanced interest with 56% of orders to buy and 44% to sell. Typical holders on Pluang keep their ETH for about 106 days, indicating a moderate-term investment horizon among users.

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