Ethereum Becomes Leading Indicator for Crypto Market: Trader DonAlt

DonAlt, a popular trader known for predicting XRP's more than 700% rally in 2024-2025, believes Ethereum (ETH) is currently displaying the cleanest chart in crypto. He thinks that ETH's price action will be a leading indicator for the rest of the market over the coming weeks.

The daily chart of ETH shows a textbook consolidation phase after breaking through an important resistance level. DonAlt has been publicly building his position on ETH since August 13, when he stated he was buying at $1,878. Since then, the price has increased by more than 30%, adding around $600.

The trader outlined long-term targets for Ethereum around $4,000, although taking profit at $3,000 would be acceptable to him. The current setup shows two key zones that determine the logic of the price movement. ETH is currently holding above the main support level of $2,400 and is accumulating volume ahead of a new directional move.