An analyst predicts Ethereum will rise to $10,000, but is willing to sell at $3000.

Crypto trader DonAlt, known for his accurate 700% price prediction for XRP , has set a technical target of $10,000 for Ethereum . However, he plans to close his position once ETH reaches $3000.

According to DonAlt, he opened a long position on ETH on August 13 at around $1900. He admitted that buying at a resistance level during market consolidation contradicts classical technical analysis, but he "feels less comfortable not having a position than opening one at a price below the optimal level."

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He added that he is ready to increase the size of his position if the price returns to the green support zone at $1700 per ETH.

In response to subscribers' questions, the analyst divided his expectations into three tiers. DonAlt's official target is $4000, while his unofficial macro target is $10,000. In practice, he intends to take profits at $3000, poking fun at his penchant for prematurely taking unrealized profits.

In fact, his calculation is quite reasonable and reflects extensive experience in crypto trading. Assuming a theoretical rise in ETH to five-digit levels, an experienced trader would prefer to make a 57% profit rather than expect values ​​that may never be reached.

As for the price of Ethereum, it has long been closely correlated with the price of Bitcoin and seems to have lost its own incentives for growth. Some banks are leaning toward creating their own private blockchains or choosing more innovative networks with high scalability and low fees.