By Nermeen Nabil Khear 
A top cryptocurrency analyst and trader is saying he’ll turn bullish on Ethereum (ETH) if it breaks through one key resistance level.
The analyst pseudonymously known as DonAlt tells the 62,300 subscribers of the Technical Roundup YouTube channel that if Ethereum reclaims $2,800 on the weekly timeframe it could set ETH up for much larger gains.
“I still find ETH interesting. But I would like it to trade above here… $3,000 is the line in the sand. If you get back above $3,000, ETH gets really, really good. And I think at this point, $2,800 is the new line in the sand for me. So at $2,800, it starts looking really good…
Someone asked if ETH doesn’t make a new all-time high this cycle whether that is going to lead to an ETH death spiral. I don’t think so. Just generally, Bitcoin is the best cryptocurrency by far, and ETH is the second best cryptocurrency by far.”
Source: DonAlt/YouTube
He also suggests that ETH in its Bitcoin pair (ETH/BTC) could be gearing up for a massive breakout if the trading pair consolidates for a while around its current value.
“ETH/BTC can – on this monthly [chart] – spend like six months down here and still be fine. I actually like it somewhat. You had this whole distribution here, you started moving down, if you start accumulating and start going back up the chart looks incredible.”
Source: DonAlt/YouTube
ETH/BTC is trading for 0.03953 BTC ($2,380) at time of writing, up 1.33% in the last 24 hours.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Top Analyst Says Ethereum To Start Looking ‘Really Really Good’ if Major Level Is Reclaimed – Here’s His Outlook appeared first on The Daily Hodl.
A top cryptocurrency analyst and trader is saying he’ll turn bullish on Ethereum (ETH) if it breaks through one key resistance level. The analyst pseudonymously known as DonAlt tells the 62,300 subscribers of the Technical Roundup YouTube channel that if Ethereum reclaims $2,800 on the weekly timeframe it could set ETH up for much larger
The post Top Analyst Says Ethereum To Start Looking ‘Really Really Good’ if Major Level Is Reclaimed – Here’s His Outlook appeared first on The Daily Hodl. Ethereum, DonAlt, ETH, News
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.