Is Ethereum hinting at Bitcoin's next move? Veteran trader Peter Brandt, known for his insightful, albeit sometimes controversial, market analyses, has sparked debate with his recent observations on Ethereum. He initially called Ethereum at 1200, and the question now is: will Bitcoin follow suit?

Veteran trader Peter Brandt has identified a chart pattern in Ethereum price that he believes may lead to a major price move. This has naturally led to speculation about whether Bitcoin will experience a similar pattern.

However, Veteran trader Peter Brandt continues to express skepticism toward Ethereum (ETH), stating that it remains weak against Bitcoin (BTC). He's not necessarily predicting doom for Bitcoin, but the weakness in ETH raises concerns about the broader market.

According to the data, the ETH/BTC pair has been exhibiting a concerning trend. On X, legendary trader Peter Brandt highlighted a downtrend that could signal deeper weakness for the second-largest cryptocurrency by market cap. This weakness, according to some analysts, could foreshadow potential struggles for Bitcoin as well, although correlation isn't causation.

In response to a Brandt drew attention to the ongoing downtrend in the ETH/BTC pair and warned that Ethereum could continue to lose value against Bitcoin. This raises the critical question: If Ethereum is struggling, what does this mean for the future of Bitcoin? While Brandt's observations are specific to ETH/BTC, the interconnectedness of the cryptocurrency market means that weakness in one area can often influence others.

Therefore, while Peter Brandt isn't explicitly stating Bitcoin is headed for a crash similar to his Ethereum prediction, his bearish outlook on ETH and the continued weakness in the ETH/BTC pairing are causing investors to consider the potential implications for Bitcoin. Keep an eye on these trends and conduct your own thorough research before making any investment decisions.