A crypto trader who predicted the 2023 crypto breakout believes Ethereum (ETH) is gearing up for a big surge.
Crypto strategist DonAlt told his 56,900 YouTube subscribers that Ethereum is one resistance level away from igniting a 40% move to the upside.
DonAlt said that a breakout on the ETH/USD pair could also force a rally in the Ethereum versus Bitcoin (ETH/BTC) pair.
According to DonAlt, a break of ETH’s resistance around $2,500 could send the leading altcoin to $3,500, a price area last witnessed in April 2022.
Risk and Reward
DonAlt acknowledged that the trade is risky but believes it has the potential for significant returns.
At the time of writing, ETH is trading for $2,511, a fractional increase in the last 24 hours.