Ethereum

Bitcoin

Resistance

Terra

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 <a href="https://en.coin-turk.com/what-is-a-cryptocurrency-hardware-wallet/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a> analyst DonAlt, who managed the rally in cryptocurrencies at the beginning of the year with great skill and made significant profits, believes that the altcoin king Ethereum (<a href="https://en.coin-turk.com/ethereums-outlook-a-beacon-for-altcoin-investors-amid-challenges/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETH</a>) could potentially surge upwards. DonAlt shared the main outlines of his predicted breakout scenario for ETH. 
 <h2 style="text-align: justify" id="strong-ethereum-needs-to-surpass-1-935-resistance-for-an-upsurge-strong">“Ethereum Needs to Surpass $1,935 Resistance for an Upsurge”</h2> 
 The closely-followed crypto analyst DonAlt stated in a recent strategic session that Ethereum continues to consolidate just below the $1,935 mark, which he characterizes as a key resistance level. According to the analyst, further consolidation at these levels will inevitably be followed by a breakout: 
 <blockquote style="text-align: justify"> 
 ETH is consolidating in a good area because this resistance should really produce a downward movement. It’s done this a few times so far, but none have been permanent. <a href="https://en.coin-turk.com/prominent-trader-forecasts-stellar-bitcoin-surge-possible-157k-by-2025/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> will move upwards soon. If it doesn’t, it won’t be pleasant. Afterwards, I expect ETH to move upwards in two, three, or four weeks and surpass $1,935. 
 If ETH closes a candle above $1,935 on a weekly time frame, it will go much higher. 
 </blockquote> 
 <img decoding="async" class="aligncenter size-full wp-image-236425" src="https://coin-turk.com/wp-content/uploads/2023/07/Ethereum-ETH-Ether-Altcoin-Krali.png" alt="" width="986" height="600"> 
 DonAlt also noted that a rise above $1,935 on a weekly price time frame could ignite a swift rally and take ETH to a level last seen in May 2022, prior to the collapse of the Terra ecosystem: 
 <blockquote style="text-align: justify"> 
 Upward, if it closes above $1,935, it’s pretty clear it will go to $2,500. There’s almost just empty air. Considering we’ve spent so much time around $2,000, it seems extremely reasonable to rise quickly if we surpass this resistance. 
 </blockquote> 
 <h2 style="text-align: justify" id="strong-the-current-situation-in-ethereum-strong">The Current Situation in Ethereum</h2> 
 Ethereum, the largest altcoin and the biggest smart contract platform at the same time, is trading at $1,883, just below the resistance level pointed out by the analyst, with a 0.33% increase in the last 24 hours. The fact that the highest point in the last 24-hour price range of ETH is $1,889 and the lowest point is $1,863 suggests that the price is in a serious compression. 
 The post <a rel="noopener noreferrer nofollow" href="https://en.coin-turk.com/crypto-analyst-donalt-forecasts-a-potential-breakout-for-ethereum/" data-wpel-link="internal">Crypto Analyst DonAlt Forecasts a Potential Breakout for Ethereum</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.
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Crypto Analyst DonAlt Forecasts a Potential Breakout for Ethereum

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