DonAlt Buys Ethereum Despite 'Not Optimal Price'

Prominent crypto trader DonAlt has announced he is buying Ethereum ($ETH) despite what some might consider an unfavorable price. According to him, he 'bought some and will buy some more in the coming days' at local resistance on the weekly chart.

The trade may seem counterintuitive as short-term traders usually take profits at this point rather than open long positions due to the high risk of a pullback. However, DonAlt explained that he was fully prepared for any scenario and plans to add to his position if Ethereum corrects.

He intends to buy more Ethereum at the strong green support zone located slightly below current levels, around $1,750-$1,800. This move comes after he accurately predicted XRP's 700% rally in 2024.