Ethereum’s Dark Days Ahead? Trader Who Called Bitcoin’s Bottom Sounds the Alarm

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Ah, dear reader, there comes a time when even the most hopeful of crypto enthusiasts must face the cold, hard truth: Ethereum (ETH) is currently in the midst of a serious struggle. A trader, who with the accuracy of a seasoned oracle called the Bitcoin (BTC) bottom back in the blessed November of 2022, has now cast a rather ominous shadow over Ethereum’s future on the weekly chart. Truly, it seems that even the mightiest coins must eventually feel the sting of an unwelcome decline.

In his latest video offering, the trader, who goes by the peculiar yet memorable name of DonAlt, addresses his loyal 66,200 followers on the TechnicalRoundup YouTube channel. The message is clear: ETH must reclaim the $2,000 mark as support, or else it shall remain trapped in the dreaded bearish abyss. Yes, a slight hope glimmers—should Ethereum regain its former glory at $2,000, perhaps it can once again flutter toward the heights of optimism. But, for now, the market is still grim.

“The ETH chart, we’ve just broken down a bunch, and it needs to reclaim a little bit to look bullish. So right now, it’s still quite aggressively bearish, but we had a little bit of a good week. Reclaim $2,000 and we can start talking about major trend shift that we haven’t had in a long time.”

But wait—there’s more! DonAlt, the wise sage of crypto, reminds us that Ethereum must hold two critical levels to prevent an utter disaster on the daily chart. No, it is not enough to simply wave goodbye to the $1,670 mark. Ethereum must do the unthinkable and stay above this sacred threshold, or the whole project may well collapse like a house of cards in a windstorm. A fall below $1,540? Well, one shudders to think.

“What cannot be lost is basically down here [at ~$1,670]. Like you don’t want to see any close below here and you don’t want to see any move below the impulse move [at ~$1,540].”

As of this very moment, dear reader, Ethereum is trading at $1,764, and alas, it has fallen by a modest 2.2% in the last 24 hours. Not a good sign, I dare say.

And now, as we venture into the realm of Bitcoin, the analyst provides a glimmer of hope—for Bitcoin, at least. Should BTC manage to hold the $90,000 mark as support on the weekly chart, we might just see the heavens part and a bullish trend emerge from the depths. A close below $89,000, however? Well, that would send shivers down the spine of even the most seasoned traders.

“Below here [$89,000], very scary. Close above $90,000 [on the weekly], early signal that the trend has shifted back to bullish again.”

As of now, Bitcoin is holding strong at $93,506, not much changed since yesterday—although one might wonder how long this stability will last in such a volatile market.

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2025-04-25 15:08