Veteran commodities trader Peter Brandt has outlined a long-term technical chart for Ether with an eventual target of $8,600, provided the token first clears $5,000.
Brandt posted the chart to X on September 21, based on CME Ether futures data. The chart marks a precise level of $8,674.50, which Brandt rounds to $8,600 in his commentary. "It implies an eventual move to 8,600 once 5,000 is handled," he wrote, offering no specific timeline for the projection.
Price Targets and Resistance Levels
With Ether trading near $2,693, reaching the $5,000 threshold would require a gain of approximately 86%. The full target of $8,600 represents a potential rise of about 219% from current levels.
Brandt identifies $3,000 as the first short-term resistance level. Ether had climbed from approximately $2,360 earlier in September. From the $5,000 level, a move to the $8,600 target would represent an additional 72% increase.
Disclaimer on Chart Analysis
Brandt emphasized that presenting a chart does not constitute a trade call or investment recommendation. "A claim of a 'call' or simple presentation of a chart is NOT a trade," he stated, noting that those claiming specific trades must provide proof. "An X post is NOT proof," he added.
Brandt applied the same caveat to a separate long-term chart published the same day for XRP, which outlined a path to $5.40.
Background
Brandt has been trading commodities since 1976 and founded Factor Trading in 1980.
On September 21, US spot Ether ETFs recorded their largest single-day inflow since October 7, 2025, with inflows totaling approximately $270 million.
