Ethereum Consolidation Sets Stage for Potential 30% Price Surge

Traders are closely watching Ethereum's price action as it consolidates above $2,400. According to DonAlt, a trader known for accurately predicting XRP's rally, Ethereum's current chart is the clearest in crypto. Since breaking through the resistance at $2,400, Ethereum has been trading between $2,454 and $2,492, maintaining strong support.

This setup suggests that buyers are in control, and a new upward move could trigger a 30% price surge, potentially reaching $3,000 or even $4,000 in the medium term. Ethereum's price action is also expected to influence the broader altcoin market in the coming weeks.