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Trader Outlines Scenario for Ethereum to Rally Over 45% and Reach 2022 Highs

June 19 (Cointime) - A crypto analyst, known as DonAlt, has predicted that Ethereum (ETH) could reach a level not seen since Q2 of 2022 if it breaks resistance at $1,940. DonAlt believes that a move above this level could push Ethereum to $2,500, a price last seen in May 2022.

However, DonAlt also notes that Ethereum may not experience any significant rallies until it recovers $1,940 or until Bitcoin (BTC) bottoms out. At the time of writing, Ethereum is trading at $1,740, up over 4% in the last 24 hours.

Bitcoin Bitcoin $94,787.65
-3.6%
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