A popular cryptocurrency has been named, the value of which will increase by 40% in the near future

DonAlt, a trader known for his cryptocurrency forecasts, has published his expectations for the future of Ethereum (ETH). According to the analyst, the main altcoin is preparing for a big jump to the level last seen about two years ago.

In a recent strategy session, crypto strategist DonAlt told his 56,900 YouTube subscribers that ETH $2,981.34 Ethereum -4.50% Market capitalization $358.35 billion VOL. 24 hours $2.65 billion is one resistance level away from triggering a 40% rise. DonAlt is convinced that a breakout in the ETH/USD pair could also trigger a rally in ethereum against bitcoin (ETH/BTC).

«I look at the ETH/USD rate every week and think that if it rises above $ 2500 to $ 2550, ETH will start to displace even bitcoin.» According to DonAlt, a breakout of ETH’s resistance around $ 2500 could send the leading altcoin to $ 3500, a price area last seen in April 2022.

«This is a pretty serious step. This will be a significant breakthrough. 40% of ETH/USD's movement is to resistance, and bitcoin’s is 27% to resistance, so it can be argued that if this breakout happens, ETH/USD has a little more potential. It’s a difficult and risky trade, but I think it’s not the worst trade in the world ,» DonAlt emphasized.

As a reminder, crypto investor Ryan Berkmans recently suggested that Ethereum could reach $ 27,000 in the next 18−30 months. According to him, such a dynamic has the right to life, as ETH is no longer under pressure from miners. This is due to the fact that in September 2022, the main altcoin switched to the consensus Proof-of-Stake algorithm.