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Trader DonAlt, known for identifying XRP’s major 2024–2025 rally early, is turning his attention to Ethereum, arguing that ETH now offers one of the clearest technical setups in the cryptocurrency market.
The trader described Ethereum’s daily structure as the “cleanest chart in crypto right now,” pointing to consolidation immediately above a major breakout level. His view is notable because he also sees ETH as a potential guide for the wider altcoin market rather than as an isolated trade.
Ethereum was trading around $2,455-$2,460 on Aug. 30, after holding above the $2,400 area despite a 2.7% decline on Aug. 28. The token has climbed roughly 30% from the $1,880 area where it traded in mid-August.
Ethereum Holds the Breakout DonAlt Was Waiting For
DonAlt began publicly building an ETH position around Aug. 13 at approximately $1,878. Ethereum subsequently accelerated through $2,000 and reached above $2,500 before moving into its current consolidation range.
The structure now revolves around $2,400 support. Holding that level would keep the recent breakout intact, while the next important resistance identified by the trader sits near $2,816. A move from roughly $2,460 to that area would represent another gain of about 14%.
That differs from the roughly 30% advance ETH has already produced since DonAlt’s entry zone. Coinpaper recently tracked the same ETH breakout, when Ethereum pushed through $2,400 alongside $220.77 million in U.S. spot ETF inflows.
The institutional backdrop has also improved. Ethereum’s late-August rally coincided with stronger ETF demand, giving the breakout a
Why an XRP Forecaster Is Watching ETH Instead
DonAlt’s name remains closely associated with XRP because he identified its late-2024 breakout while the token was still below $1. His original framework mapped levels around $1.20, $2.90 and eventually $6.90. XRP later reached about $3.66 in July 2025, although DonAlt subsequently said his original XRP thesis had largely run its course.
That makes his current emphasis on Ethereum more significant than another XRP price call. He is effectively treating ETH as the market’s cleaner risk signal.
Meanwhile, XRP itself has just completed another powerful advance. The token rose 43.7% over seven days through Aug. 26, outperforming other major cryptocurrencies as Korean trading and ETF inflows accelerated. It has since retreated to around $1.39, down from an Aug. 22 intraday high near $1.70.
| Ethereum | ~$1,880 | ~$2,460 | Holding $2,400 breakout |
| XRP | ~$1.00 | ~$1.39 | Cooling after sharp rally |
XRP Demand Remains Strong Despite Pullback
XRP’s retreat has not been accompanied by a collapse in institutional demand. U.S. spot XRP ETFs attracted $110.49 million in the week ending Aug. 28, their strongest weekly inflow of 2026, while cumulative inflows reached roughly $1.66 billion. ETF demand therefore remains positive even as price momentum has cooled.
Another recent XRP ETF development showed 21Shares’ TOXR product nearing $150 million in assets, underlining the growing institutional infrastructure around the token.
For the broader crypto market, the immediate question is therefore less about whether DonAlt has issued another XRP target and more about whether Ethereum can preserve its breakout. A decisive loss of $2,400 would weaken the setup. Holding above it would keep the $2,816 resistance zone in play and, in DonAlt’s view, could provide an important signal for altcoins more broadly.
Cover image idea: A clean 16:9 image with one Ethereum coin in the foreground against a subtle rising trading chart, with a smaller XRP coin out of focus in the background. Dark institutional trading environment, no text, no price targets, minimal elements.
This treatment follows your XRP brief by using the U.Today item only as the initial signal, verifying current XRP and ETH prices, separating the Ethereum setup from the XRP connection, and adding a fresh secondary angle through XRP ETF demand.
Source: coinpaper.com