Crypto trader DonAlt, recognized for his previously accurate 700% forecast of XRP price moves, has outlined a $10,000 technical target for Ethereum but personally plans to close his position significantly earlier, at $3,000.
Trading strategy and psychological factors
During a recent discussion on X, DonAlt shared insights into his current Ethereum strategy. He explained that he initiated a long ETH position near $1,900 on August 13, despite this level acting as resistance within a consolidating market.
DonAlt acknowledged that such a move diverges from standard technical analysis, yet psychological considerations played a key role. He stressed the discomfort of sitting out of the market compared to holding an imperfect entry, stating it weighed on his decision-making process.
While opening a position at resistance counters textbook analysis, the psychological challenge of holding no position pushed me to act, even if the price was not ideal.
He mentioned that if ETH dropped to $1,700, located within his so-called “green” support zone, he would look to further increase his position size.
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AAPLProfit targets and market discipline
Responding to questions from his followers, DonAlt broke down his targets into three key levels. He identified $4,000 as his formal goal and assigned an ambitious $10,000 macro target to ETH. However, he underlined his intent to take profit much sooner in practice, specifically if Ethereum climbs to $3,000.
This conservative approach, as he noted, is a direct response to past experiences. DonAlt is known for his XRP forecast during the 2024–2025 bull run, successfully calling the move from $0.50 to $3.50. Although his maximum XRP projection was $6.90 at that time, XRP reversed before reaching it, leading him to now favor securing gains rather than risking missed opportunities from unfulfilled targets.
Despite envisioning a scenario where ETH could reach five digits, risk management and past market lessons prompt me to secure a 57% gain at $3,000 rather than try for an elusive high.
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