DonAlt Targets $4,000 Ethereum Price, Plans to Sell Much Earlier

Crypto trader DonAlt has shared his Ethereum price target and trading strategy. He entered a long ETH position at around $1,900 on August 13th and plans to sell before reaching his official target of $4,000.

DonAlt's broader macro outlook suggests Ethereum could eventually reach $10,000, but he joked that he would likely take profits once the price reaches approximately $3,000. This represents a gain of roughly 57% from his entry point.

The trader acknowledged that buying near resistance during a consolidating market goes against traditional technical analysis, but he preferred establishing a position at what he considered a less-than-ideal price rather than waiting for a better entry.