Ethereum

Bitcoin

Resistance

Terra

<html>
 <head></head>
 <body>
 <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>.
 </body>
</html>

Crypto Analyst DonAlt Forecasts a Potential Breakout for Ethereum

목차

COINTURK NEWS

2023년 7월 12일에 게재된 다른 기사

Crypto Research for Beginners: A Guide for College Students

Messari CEO Says Ripple vs. SEC Ruling Due Soon, Mentions Ripple CLO as Most Important Lawyer in ...

ChainGPT Pad — Register Interest

UK Treasury Proposes Excluding Cryptocurrencies and Derivatives from the Secured Digital Securiti...

Demand for BlackRock’s Bitcoin ETF sparks Bitcoin (BTC) rush

Atpbot Launches The Easiest Automated Crypto Trading Bot For Investors

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!