Ethereum could be heading for a major move, with one well-known crypto trader warning the world’s second-largest cryptocurrency is stuck in «limbo» and at risk if key support breaks.
Analyst DonAlt said ETH needs to break above $4,000 to confirm a bullish trend. Ethereum has repeatedly failed to push past resistance near $3,900 in recent months, keeping buyers cautious.
If the price falls below the $2,900 support level, DonAlt believes ETH could slide toward $1,800, with even deeper levels possible in a severe downturn. For now, the token trades in a tight range as traders wait for a clear direction.
«Volatility is not the problem — conviction is,» the trader said, adding Ethereum must prove strength to attract fresh capital.
Until then, the asset remains stuck between hope of a breakout and fear of a breakdown.
Kursiv Uzbekistan also reports that Bitcoin is trading around $110K, but on-chain indicators suggest the world’s largest cryptocurrency could face a deep correction if its long-tracked four-year cycle plays out again, according to data monitored by market analysts.
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