Ethereum (ETH) Poised for Major Surge, Says Crypto Strategist
In a recent YouTube strategy session, popular crypto trader DonAlt shared his belief that Ethereum (ETH) is on the verge of a significant increase, potentially reaching prices not seen in approximately two years. With 56,900 subscribers eagerly tuning in, DonAlt revealed that Ethereum is just one resistance level away from igniting a whopping 40% rally.
According to DonAlt, if the ETH/USD pair manages to break out, it could also trigger a surge in the Ethereum versus Bitcoin (ETH/BTC) pair. “I’m looking at ETH/USD weekly and I think if it crosses above $2,500 to $2,550, there’s a scenario where ETH begins pushing up even against the Bitcoin pair,” he exclaimed. Surpassing Ethereum’s resistance near $2,500 could potentially propel the altcoin leader towards $3,500, a price point last witnessed in April 2022. DonAlt’s calculations suggest that this move would constitute an impressive 40% increase for ETH/USD, with Bitcoin potentially seeing a 27% rise to its resistance level. With the associated risks acknowledged, the crypto strategist believes it could be a wise trade.
As of now, Ethereum is trading at $2,511, showing a slight increase over the last day. Crypto enthusiasts and traders are eagerly monitoring the ETH/USD pair in anticipation of the potential breakout that could fuel a major rally in the coming weeks.
Analyst comment
Positive news: Ethereum (ETH) is expected to experience a major surge, potentially reaching prices not seen in two years. Analyst predicts a 40% rally if ETH/USD breaks out above $2,500, with potential for a surge in the ETH/BTC pair as well. Ethereum currently trading at $2,511. Market sentiment is bullish, and traders are monitoring closely for a potential breakout and rally in the coming weeks.
