A trader named DonAlt is predicting a potential surge in Ethereum's value, stating that the cryptocurrency is currently consolidating just below its key resistance level of $1,935.

DonAlt believes that if Ethereum continues to consolidate at its current price, it could eventually break out and experience a significant increase in value.

He also suggests that if Ethereum manages to close above $1,935, it could potentially reach a level last seen in May 2022. At the time of writing, Ethereum is trading at $1,882.