Legendary Trader Peter Brandt Shorts Ethereum Futures, but There's Catch

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Veteran trader Peter Brandt shorts Ethereum gain but with big twist

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Peter Brandt shared the chart that showcases his current outlook for Ethereum. The chart showed how Ethereum continues to nosedive from over $3,500 at its peak in April. Brandt marked a recent turning point at $3,058.43 that was accompanied by a sharp long bearish candle.I always use stops If mkt goes against me this weekend I will buy spot and then exchange it for futures position on MondayAt the time of writing, Ethereum's price has breached the $3,000 support zone and is currently changing hands for $2,908.05, down by 4.17% in 24 hours. The Ethereum futures short trade he placed comes with a twist. While cautioning his followers, Peter Brandt said he always uses stop losses.

Peter Brandt brings decades of experience into the crypto trading game. Many follow his trades, however, not everyone believes in his for Ethereum. This is especially true considering how Ethereum has been innovating with a series of protocol upgrades in recent times.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0.

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