Ethereum Poised for a 40% Rally, Says Top Analyst
A prominent trader believes that Ethereum (ETH) is on the verge of a major surge that could take it to levels not seen in two years. In his latest strategy session, crypto strategist DonAlt suggests that Ethereum is just one resistance level away from triggering a 40% move to the upside.
DonAlt also notes that if ETH/USD breaks out, it could potentially spark a rally in the Ethereum versus Bitcoin (ETH/BTC) pair. He explains that if Ethereum crosses above the $2,500 to $2,550 range, it opens up the possibility for ETH to squeeze even against Bitcoin.
If Ethereum manages to break its resistance around $2,500, DonAlt predicts that the leading altcoin could reach $3,500, a price level last seen in April 2022. Although he acknowledges that it’s a risky trade, he believes it has significant potential.
As of now, ETH is trading at $2,511 with a slight increase in the past 24 hours.
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