Analyst Predicts Ethereum Could Reach Five Figures, Bitcoin Could Hit $90,000
An analyst well-known for accurately predicting cryptocurrency trends has shared his optimistic price targets for Ethereum (ETH), suggesting that the digital asset could potentially reach five figures in value.
DonAlt, the pseudonymous analyst with a significant following on X, has informed his audience that Ethereum has the potential to surge to $10,000, with an initial target set at $4,000.
“Target for ETH is $4,000. If we’re strong there, $10,000. If we’re not, $4,000 it is. I’ll probably sell halfway into the rally as usual. You guys will call me washed and rinse, repeat. Nothing ever changes.”
With Ethereum currently trading above $2,400, DonAlt has identified the next technical resistance level for ETH, which is set at $4,000.
“Sometimes it’s really that easy. Man, this is fun. The market should do this more often. Next resistance is $4,000.”
At the time of writing, Ethereum is priced at $2,419.
Turning to Bitcoin (BTC), DonAlt has also shared his bullish outlook, suggesting that the flagship cryptocurrency could potentially rally to as high as $90,000.
“Already retraced 25% of the bear market. How about we make it 50%?”
Bitcoin is currently valued at $76,429.
When it comes to his strategy for selling his cryptocurrency holdings, DonAlt has stated that he plans to hold onto his digital assets for several months.
“I’m not selling. Come back to me in three to six months and then we can talk about it. Doesn’t matter where the price goes. I won’t sell unless a couple of months have passed. Ready to round-trip the entire thing if need be.”
Generated Image: Midjourney