A trader who caught the 2023 crypto breakout believes that Ethereum (ETH) may be gearing up for a big surge to a level last seen about two years ago.
In a fresh strategy session, crypto strategist DonAlt tells his 56,900 YouTube subscribers that Ethereum is one resistance level away from igniting a 40% move to the upside.
DonAlt also says that a breakout on the ETH/USD pair could also force a rally 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, I think there is a world in which ETH starts squeezing even on the Bitcoin pair.”
According to DonAlt, a break of ETH’s resistance around $2,500 could send the leading altcoin