DonAlt Shifts Focus to Ethereum, Sees Cleanest Chart in Crypto

Trader DonAlt, known for accurately predicting XRP's significant price increase in 2024-2025, is now shifting his focus to Ethereum. He considers ETH's current daily structure as the 'cleanest chart in crypto right now', pointing out that it has consolidated above a major breakout level.

This view is notable because DonAlt sees ETH not just as an individual trade opportunity but also as a potential guide for the broader altcoin market.

According to DonAlt, Ethereum's recent price action has been driven by institutional demand. The token has held above the $2,400 area despite a 2.7% decline on August 28. This level is crucial because it represents the breakout that DonAlt was waiting for.

The trader believes that if ETH can hold above $2,400, it would keep the recent breakout intact and maintain the resistance zone near $2,816 in play. This could provide a significant signal for altcoins more broadly.