Prominent cryptocurrency trader DonAlt, widely followed after accurately forecasting XRP’s 700% rally in 2024, has revealed that he has begun accumulating Ethereum (ETH). The position was opened even as Ethereum trades near $1,878, directly below a local resistance zone between $2,000 and $2,200 on the weekly chart.
DonAlt acknowledged that buying at resistance is unconventional for short-term traders, who typically prefer to take profits in such areas because of elevated pullback risk. However, he explained that staying out of the market had become more uncomfortable than entering at a less-than-optimal price. In a social media post, he wrote: “Bought some and will buy some more in the coming days. Feels a bit unreasonable to buy resistance but I feel less comfy not having it than having some at not the optimal price. Will buy more if we retest green but have been waiting long enough.”
The trader has a defined plan for a potential correction. If Ethereum pulls back, he intends to add to his position in the strong support area around $1,750–$1,800. Market observers noted that Ethereum is currently maintaining its structure more confidently than Bitcoin, which remains stuck in a low-volatility range near $63,000 following the latest U.S. inflation data. That could give Ethereum room to move toward higher targets, including levels above $4,000.
DonAlt also criticized retail investors for emotional instability, saying the crowd often declares an endless bull run during rallies and panics during pullbacks instead of using dips as buying opportunities. He has a personal history with Ethereum, having launched his career with a long position from $84 on BitMEX, which he later described as partly luck due to an accidental leverage mistake. His current accumulation is being framed as a more pragmatic, long-term move by a major market participant.
