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Experienced trader and analyst Peter Brandt drew attention with his recent post on Solana (SOL).

In his social media post dated April 5th, Peter Brandt included an analysis of Solana/Ethereum chart. Focusing on this chart, Brandt said that a 2-fold increase could come if it is exceeded.

Indicating the 0.55 region on the SOL/ETH pair as the resistance level, the analyst emphasized that this area corresponds to a significant supply and highlighted that Solana could double against Ethereum if this liquidity line is absorbed.

Clearly exposing that he made FUD shares specifically about Ethereum, the experienced figure expressed that he does not actually hold a bearish view on Ethereum:

The SOL/ETH chart is at a great resistance. Resistance = supply. If this supply line is absorbed, then there is a possibility for SOL to double in value against ETH. By the way, if you haven’t figured it out yet, I like throwing FUD towards ETH. In fact, I don’t actually think as bearish as my FUD implies.

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