Renowned trader Peter Brandt recently launched a scathing critique of Ethereum (CRYPTO:ETH), the crypto world's second biggest player by market capitalisation, bluntly labeling it a "junk coin."

Brandt, who is celebrated for his deep understanding of financial markets, did not hold back in his critical assessment of Ethereum.

He contended that Ethereum falls short of possessing the crucial traits that are necessary for it to be considered a valuable digital asset.

In a candid expression of his views, Brandt's criticisms highlight the divisive opinions within the financial and crypto communities regarding the true value and potential of Ethereum as a major cryptocurrency player.