Analyst Sets Bullish Price Targets for Ethereum and Bitcoin
An analyst renowned for his accurate crypto predictions has shared his optimistic price targets for Ethereum (ETH), suggesting a potential surge to five figures.
The analyst, known as DonAlt, took to X to inform his large following that Ethereum could reach $4,000, with the possibility of hitting $10,000 if the momentum remains strong.
“Target for ETH is $4,000. If we’re strong there, $10,000. If we’re not, $4,000 it is. I’ll probably sell halfway into the rally as usual. You guys will call me washed and rinse, repeat. Nothing ever changes.”
With Ethereum currently trading above $2,400, DonAlt highlighted the next technical resistance level for ETH.
“Sometimes it’s really that easy. Man, this is fun. The market should do this more often. Next resistance is $4,000.”
At the time of writing, Ethereum is valued at $2,419.
Shifting focus to Bitcoin (BTC), DonAlt expressed his belief that the leading cryptocurrency could potentially rally up to $90,000.
“Already retraced 25% of the bear market. How about we make it 50%?”
At the time of writing, Bitcoin is trading at $76,429.
Regarding his strategy for selling crypto holdings, DonAlt stated that he plans to hold onto his digital assets for several months.
“I’m not selling. Come back to me in three to six months and then we can talk about it. Doesn’t matter where the price goes. I won’t sell unless a couple of months have passed. Ready to round-trip the entire thing if need be.”
Generated Image: Midjourney
