In Brief: DonAlt started buying Ethereum near $1,878 despite resistance between $2,000 and $2,200, accepting an imperfect entry to gain market exposure. Ethereum support around $1,750 to $1,8
In Brief:
- DonAlt started buying Ethereum near $1,878 despite resistance between $2,000 and $2,200, accepting an imperfect entry to gain market exposure.
- Ethereum support around $1,750 to $1,800 remains DonAlt’s preferred accumulation area if ETH retreats from its current resistance region significantly.
- Ethereum has maintained a stronger market structure than Bitcoin, while DonAlt criticized retail traders for switching rapidly between optimism and fear.
Crypto trader DonAlt has started buying Ethereum as ETH approaches a major resistance zone stretching toward $2,200. DonAlt gained recognition among crypto traders after correctly anticipating XRP’s roughly 700% rally during 2024.
According to DonAlt on X, he purchased some Ethereum and plans to expand his position over the coming days. His decision stands out because Ethereum trades around $1,878, directly below an important technical resistance region.
That resistance extends from approximately $2,000 to $2,200 and could determine Ethereum’s ability to establish stronger upward momentum. However, DonAlt acknowledged that purchasing ETH near resistance does not represent an ideal entry under conventional technical analysis.
Traders often reduce exposure around resistance because sellers can emerge and push prices toward lower support areas. Nevertheless, DonAlt explained that holding no Ethereum felt less comfortable than accepting a potentially imperfect purchase price. He had waited for a better entry but ultimately decided to establish exposure before Ethereum made another significant move.
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DonAlt Plans More ETH Purchases Around Lower Support
Despite buying near resistance, DonAlt has already identified another accumulation area if Ethereum experiences a market correction. His chart highlights support around $1,750 to $1,800, where the trader intends to increase his existing Ethereum position.
Consequently, a retreat toward that region could provide another buying opportunity rather than invalidate his broader trading strategy. Ethereum must still overcome the $2,000 to $2,200 resistance zone before strengthening the case for a larger recovery.
A convincing breakout could improve ETH’s technical structure and place higher historical resistance levels within reach for buyers. Meanwhile, Bitcoin remains around $63,000 as the largest cryptocurrency struggles to establish a decisive move from its trading range.
Ethereum has maintained a comparatively stronger market structure, potentially giving ETH more room to advance if demand strengthens. Moreover, DonAlt criticized dramatic changes in retail sentiment that frequently accompany cryptocurrency rallies and market pullbacks.
He argued that traders can become excessively optimistic during gains before quickly turning bearish when cryptocurrency prices decline. Ethereum also carries personal significance for DonAlt because ETH played an important role during his earlier trading career. He previously opened a notable Ethereum long near $84 on BitMEX, although he later attributed its success partly to luck.
Conclusion
DonAlt’s purchase puts Ethereum’s $2,200 resistance firmly at the center of his strategy as he builds market exposure. His planned accumulation around $1,750 to $1,800 also provides a clear strategy if Ethereum retreats before challenging higher levels.
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