Ethereum Breakout Sparks Hope as DonAlt Calls it 'Crypto's Cleanest Chart'
Financial expert DonAlt has shifted his attention from XRP to Ethereum, calling it 'the cleanest chart in crypto right now'. He believes that ETH's recent breakout above $2,400 provides a clear technical setup for further gains.
DonAlt began building an ETH position around August 13 at approximately $1,878. Since then, the token has climbed about 30% to its current price of around $2,460.
The trader identified $2,816 as the next important resistance level, representing a potential gain of about 14% from the current price. This breakout was also supported by strong institutional demand, with Ethereum's late-August rally coinciding with increased ETF inflows.
Interestingly, DonAlt's emphasis on ETH comes after XRP completed a powerful advance, rising 43.7% over seven days through August 26. However, the token has since retreated to around $1.39, down from an intraday high near $1.70.