Ethereum’s price action will become the main leading indicator for the broader cryptocurrency market in the coming weeks, according to well-known trader DonAlt, who previously gained attention for predicting XRP’s more than 700% rally in 2024–2025.
DonAlt said the daily chart of the second-largest cryptocurrency by market capitalization currently looks like the cleanest setup in the market. ETH has entered a consolidation phase immediately after breaking through important resistance, which the trader described as exactly what bullish market participants want to see. He stated: “Cleanest chart in crypto right now. How ETH trades is probably gonna be indicative of the rest of the market. So far it’s a clean consolidation after a breakout, exactly what you’d like to see.”
DonAlt began publicly building his Ethereum position on Aug. 13, buying at $1,878. Since then, ETH has gained more than 30%, adding roughly $600. The analyst outlined two key technical zones: $2,400 has become the main support, while ETH is consolidating within a green accumulation range between $2,454 and $2,492. The medium-term resistance target for buyers remains $2,815.68. Longer-term, DonAlt has pointed to Ethereum targets around $4,000, though he admitted that taking profit at $3,000 would be acceptable.
The current decline in volatility and Ethereum’s ability to hold above $2,400 suggest buyers remain in control, with the asset accumulating volume before a potential new directional move. According to DonAlt, whichever direction ETH eventually takes after this period of calm, the rest of the altcoin market is likely to follow.
