Ethereum

Bitcoin

April

Terra

Rise

Crypto analyst DonAlt, known for successfully managing the market rally that started on January 1 and continued until April 15, expects Ethereum (ETH), the largest altcoin, to rise to a level last seen in the second quarter of 2022. Here&#8217;s the analyst&#8217;s ETH forecast.
<h2 style="text-align: justify" id="only-one-hurdle-to-eth-8217-s-massive-surge-1940">Only One Hurdle to ETH&#8217;s Massive Surge: $1940</h2>
Anonymous crypto analyst DonAlt asserts that ETH bulls need to surpass $1940 to gain momentum for the leading smart contract platform. According to the analyst, the price climbing above $1940 will take Ethereum to levels before the market-wide collapse triggered by the collapse of the Terra (LUNA) ecosystem, up to $2500, a level last seen at the beginning of May 2022:
<blockquote>
$1940 is a significant resistance level. The price rebounded from here, but if it goes back there, even if it gets close, the chance of rising to $2500 is indeed very high. This makes trading ETH quite easy because if it goes up, you can basically buy, which is quite nice and makes everything a bit more tradable. I don&#8217;t hate the downward movement because it just creates better trading opportunities. If it&#8217;s going to light a really good candle from here, I think the chance of an upward breakout is higher.
</blockquote>
<img decoding="async" loading="lazy" class="aligncenter wp-image-85297 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/eth-21.png" alt="" width="1382" height="798" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/eth-21.png 1382w, https://en.coin-turk.com/wp-content/uploads/2023/06/eth-21-294x170.png 294w, https://en.coin-turk.com/wp-content/uploads/2023/06/eth-21-768x443.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/eth-21-1200x693.png 1200w, https://en.coin-turk.com/wp-content/uploads/2023/06/eth-21-108x62.png 108w" sizes="(max-width: 1382px) 100vw, 1382px" />
Although DonAlt has outlined a possible bullish scenario for ETH, he also added that we won&#8217;t see a meaningful rally until the largest altcoin surpasses $1940 or until <a href="https://en.coin-turk.com/political-ripple-of-cryptocurrencies-a-precursor-for-major-shifts-as-2024-approaches/" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.coin-turk.com/bank-failures-abound-is-another-looming-what-implications-for-bitcoin/" data-wpel-link="internal">BTC</a>) bottoms out.
<h2 style="text-align: justify" id="the-current-state-of-ethereum">The Current State of Ethereum</h2>
Ethereum, the coin DonAlt focuses on, is trading at $1724, with a decline of 0.18% in the last 24 hours and 0.93% in the last 7 days, according to data provided by CoinMarketCap (CMC). ETH, also the second-largest cryptocurrency with a market cap of $207.3 billion, moved predominantly in the $1750 to $1700 range over the weekend.
The post <a rel="nofollow" href="https://en.coin-turk.com/crypto-analyst-donalt-anticipates-ethereums-rise-to-late-q2-2022-levels/" data-wpel-link="internal">Crypto Analyst DonAlt Anticipates Ethereum’s Rise to Late Q2 2022 Levels</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Crypto Analyst DonAlt Anticipates Ethereum’s Rise to Late Q2 2022 Levels

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