Foreign media: Trader DonAlt believes that Ethereum's current daily trend is one of the clearest patterns in the crypto market. The report mentions that after breaking through a key resistance level, ETH did not quickly give back the gains but instead entered a period of narrow consolidation, indicating that the buying pressure is still temporarily maintaining the initiative.

DonAlt indicates that the subsequent development direction of ETH may set a precedent for the broader altcoin market. Ethereum typically sits between mainstream crypto assets and high-risk altcoins, and its strength or weakness often affects market risk appetite.

Half-month increase of over 30%

The article mentioned that on August 13, DonAlt publicly stated the beginning of establishing a position in ETH, with the purchase price at around $1878 at that time. Since then, the price of Ethereum has risen by more than 30% in total, and before entering the current consolidation phase, the absolute increase was about $600.

He had previously set a longer-term target, believing that ETH had the potential to rise to around $4,000. However, the focus of this report is not on the long-term goal, but rather on whether the short-term structure remains intact after the breakthrough.

$2,400 becomes a key support level

According to the chart cited in the text, $2,400 is currently the main support level for ETH. After breaking through this level, the price will consolidate in the range of $2,454 to $2,492. DonAlt regards this area as a accumulation zone to digest the previous gains.

• Key support level: $2,400
• Current range: $2454 to $2492
• Mid-term resistance level: $2,815.68

Above, $2,815.68 is considered a medium-term resistance level, which is also the price range that the bulls need to test in the next phase. If ETH can continue to remain above $2,400, the market will generally interpret this consolidation as a continuation after a breakout, rather than the end of a trend.

The narrowing of fluctuations has become a key point of observation.

The article argues that although volatility has decreased recently, ETH has still been able to remain above the key support level, indicating that buying interest has not significantly faded. For traders, such structures that consolidate after a breakout tend to attract more attention than sharp rises and falls.

The judgment of DonAlt is that, regardless of whether ETH ultimately chooses an upward or downward direction, the altcoin market will most likely follow suit. This also leads some market participants to regard the current relatively calm period of consolidation for ETH as a precursor signal for the next round of sectoral coordination.