Ethereum‘s recent price movements are setting the tone for the broader cryptocurrency market in the coming weeks, according to influential trader DonAlt, who is known for accurately predictin
Ethereum‘s recent price movements are setting the tone for the broader cryptocurrency market in the coming weeks, according to influential trader DonAlt, who is known for accurately predicting significant rallies in digital assets, including XRP’s 700% surge during 2024–2025.
DonAlt, a widely followed analyst in the crypto community, described the current Ethereum daily chart as the cleanest among major cryptocurrencies. He pointed to Ethereum’s decisive breakout above a core resistance level, followed by a steady consolidation phase as a classic technical pattern.
He emphasized that this consolidation is taking place exactly where expected after a strong breakout, and suggested these price movements will likely signal the overall direction for the entire digital asset sector.
“Cleanest chart in crypto right now. How ETH trades is probably gonna be indicative of the rest of the market. So far it’s a clean consolidation after a breakout, exactly what you’d like to see,” DonAlt remarked.
DonAlt began accumulating Ethereum on August 13 at a price of $1,878, sharing this strategy with his followers. Since that entry, Ethereum rallied by more than 30%, advancing approximately $600 before entering its present consolidation range.
For the longer term, DonAlt sees potential targets close to $4,000 but indicated he would consider taking profits at $3,000 if the market provides that opportunity. This cautious approach highlights the importance of risk management even during periods of strong price appreciation.
The analyst identified two notable zones shaping ETH’s short-term price outlook. The $2,400 mark has established itself as key support, reflecting strong buying activity once Ethereum moved above this level. The coin is currently consolidating within a green accumulation zone between $2,454 and $2,492.
Meanwhile, the medium-term resistance for buyers is set at $2,815.68, which DonAlt has marked as a significant barrier. Investors and traders are watching this level closely for signs of a breakout or rejection in the near term.
LevelPriceSignificanceSupport$2,400Key area buyers are defendingAccumulation Range$2,454–$2,492Current consolidation zoneResistance$2,815.68Medium-term target for buyersLow volatility combined with the asset’s ability to hold above $2,400 suggests that buyers are still in control. Volume accumulation continues during this sideways movement, which many view as a precursor to Ethereum’s next significant price move.
DonAlt indicated that whichever direction Ethereum takes after this consolidation—either upwards through resistance or down below support—will likely influence the broader altcoin market, reinforcing Ethereum’s role as a bellwether for digital asset trends.
The post Ethereum consolidates after 30% surge, DonAlt eyes $2,815 resistance appeared first on COINTURK NEWS.
