Ethereum Eyes 40% Surge, Expert Predictions

John Darbie
Photo: Finoracle.net

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.

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John Darbie is a seasoned cryptocurrency analyst and writer with over 10 years of experience in the blockchain and digital assets industry. A graduate of MIT with a degree in Computer Science and Engineering, John specializes in blockchain technology, cryptocurrency markets, and decentralized finance (DeFi). His insights have been featured in leading publications such as CoinDesk, CryptoSlate, and Bitcoin Magazine. John’s articles are renowned for their thorough research, clear explanations, and practical insights, making them a reliable source of information for readers interested in cryptocurrency. He actively follows industry trends and developments, regularly participating in blockchain conferences and webinars. With a strong reputation for expertise, authoritativeness, and trustworthiness, John Darbie continues to provide high-quality content that helps individuals and businesses navigate the evolving world of digital assets.