Trader DonAlt, who gained attention for capturing the previous round of significant gains in XRP early on, has recently shifted his focus to Ethereum. According to foreign media, he believes that ETH currently has one of the “clearest structures” in the crypto market, as the price has maintained consolidation above a key level after breaking through it.
ETH The focus is on $2,400.
Reports show that Ethereum traded around $2,455 to $2,460 on August 30. Although the price fell briefly before that, it still managed to hold above the $2,400 range. If this level continues to be valid, the recent breakout pattern will not be disrupted.
DonAlt Around August 13th, ETH began to establish positions when it was around $1878. Subsequently, Ethereum broke through $2000 and even reached $2500 for a while before entering a sideways consolidation phase.
His next resistance level of concern is around $2,816. According to the reports, if ETH continues to rise from around $2,460 to that area, the increase would be approximately 14%.
ETF Capital flow provides support for the trend
This article argues that this round of upward movement is not just due to an improvement in technical patterns, but also involves the participation of spot funds. Coinpaper mentions that when Ethereum previously broke through $2,400, the daily net inflow of US spot ETF reached $220.77 million.
Based on this report, it is judged that the recent rebound of ETH is not only driven by transactions but also supported by institutional buying. This is one of the reasons why DonAlt regards ETH as a broader indicator of the altcoin market trend, rather than just viewing it as a single transaction.
XRP still has capital inflows
The reason DonAlt has attracted attention is mainly because he made an early prediction of a breakout at the end of 2024, when XRP was still below $1. He identified key price ranges such as $1.20, $2.90, and $6.90. Subsequently, in July 2025, XRP rose to around $3.66.
However, reports indicate that he is currently placing more emphasis on the reference value of ETH rather than setting a new target of XRP. The article suggests that what the market is more concerned about at present is whether Ethereum will be able to maintain the breakout range.
Meanwhile, XRP has seen a decline after a previous round of rapid gains. Reports mention that XRP rose by 43.7% within 7 days up to August 26, but then fell from a high of nearly $1.70 during trading on August 22 to around $1.39.
Despite the price pullback, funds have not significantly withdrawn. US spot XRP ETF recorded a net inflow of $110.49 million in the week ending August 28, marking the strongest single-week performance since 2026, with a cumulative net inflow of approximately $1.66 billion.
From the clues provided in the article, whether ETH can continue to hold above $2,400 remains a signal that is more worth observing in the short term. If this level is lost, the current breakout structure will clearly weaken; if it can be maintained, the area around $2,816 will still be the focus of the market's attention next.
