DonAlt Sets $10K Long-Term ETH Target, Locks in Profits at $3K

Cryptocurrency trader DonAlt has set his sights on a long-term target of $10,000 for Ethereum (ETH), but he's also planning to lock in profits at a lower price point.

DonAlt made a name for himself by accurately predicting the massive 700% surge in XRP prices between 2024 and 2025. This time around, he entered an ETH long position at approximately $1,900 on August 13, with plans to add to his position if the price dips to the $1,700 support zone.

While DonAlt acknowledges $4,000 as a formal target and $10,000 as a plausible long-term target for Ethereum, he's chosen to secure gains at $3,000. This decision is motivated by lessons learned from his previous trading experience with XRP, where he missed selling opportunities by holding out for higher targets.

DonAlt's approach highlights the importance of having a clear profit-taking plan in place, especially in the high-volatility crypto market. By setting a predefined target and locking in gains, traders can avoid missing optimal exit points due to greed or lack of discipline.