DonAlt Spots 'Cleanest Chart' in Ethereum as Price Enters Consolidation Phase
DonAlt, known for his accurate XRP prediction, has identified an exciting chart pattern in Ethereum. According to him, the daily chart of ETH currently looks like 'the cleanest one on the market.'
Ethereum's price has surged by over 30% in half a month, breaking through a significant resistance level and entering a consolidation phase. DonAlt publicly built this position on August 13, buying ETH at $1,878 after waiting long enough.
The current setup shows two key zones: the main support at $2,400 and the medium-term resistance level at $2,815.68. As buyers remain in control, holding above $2,400, DonAlt believes that a new directional move is imminent.
He notes that the rest of the altcoin market will follow Ethereum's lead after this period of calm, making it a crucial moment for investors to keep an eye on.