Peter Brandt said his long-term Ethereum chart points to a potential move toward $8,600 if ETH breaks above $5,000. The chart marks a higher target of $8,674.50. Brandt stressed that publishing a chart or offering a price view is not equivalent to trading, and said anyone claiming to have completed a trade should provide evidence. His commodities trading career began in 1976, and he founded Factor Trading Co. in 1980.