DonAlt Buys ETH Near Resistance Band
Crypto trader DonAlt has started buying Ethereum (ETH) near $1,878, just below a resistance band between $2,000 and $2,200.
In an unusual move, he said that the discomfort of holding no ETH outweighed the risk of buying at a suboptimal price.
DonAlt plans to add to his position in the coming days. If Ethereum retreats, he intends to accumulate more in the $1,750 to $1,800 support zone.
Ethereum's market structure has held up better than Bitcoin's (BTC), with BTC trading near $63,000.