Is Ethereum's Throne Shaking? Master Analyst Peter Brandt Claims This Popular Altcoin Will Overtake ETH!

While the cryptocurrency market has been experiencing a recovery trend in recent days, the leading cryptocurrency Bitcoin went on the offensive yesterday and rose above $93,000.

This rise in BTC also moved altcoins, with the largest altcoin, Ethereum ($ETH), exceeding $ 1,800. While $ETH rose by 13.5% in the last 24 hours, XRP rose by 7.2%, Dogecoin (DOGE) by 13%, and Solana ($SOL) by 7%.

While $SOL gained $150 with this rise, the legendary analyst stated that this rise could continue.

Popular analyst Peter Brandt, who has over 50 years of experience, stated that he is optimistic about $SOL and argued that Solana could outperform Ethereum.

Peter Brandt noted the formation of the classic “cup and handle” pattern on the $SOL/$ETH chart, saying that this pattern is a bullish signal. This pattern is a well-known technical pattern that usually signals an upward breakout.

Pointing out that Solana could experience a big explosion against Ethereum in the face of this formation, the analyst stated that $SOL could rise twice against $ETH.

Calling $ETH “invalid,” Brandt pointed to the increasing volume and technical strength in $SOL.

Solana’s rise is also gaining institutional support, with Bitcoin supporter Cathie Wood’s firm Ark Invest making its first direct investment in $SOL, while cryptocurrency firm Galaxy Digital sold its Ethereum holdings and bought Solana from Binance.

*This is not investment advice.