Well-known crypto analyst DonAlt has announced that he is adopting a HODL strategy for Ethereum (ETH). In his view, the current weekly chart structure gives the asset a clear path higher. "No serious resistance left IMO. I'm just gonna ignore everything and HODL," the analyst said in a recent October review.
Interest in DonAlt's large ETH position is linked to his past performance: during the 2024–2025 cycle, he accurately forecast XRP's rally from the $0.50–$0.70 range to peaks of around $3.50–$3.66.
The analyst's current position in Ethereum reflects lessons from the previous cycle. The XRP rally may've brought DonAlt substantial profits, but his highest macro target of $6.90 was never reached before the coin entered a deep reversal.
DonAlt later described that success as partly down to "giga luck," acknowledging that the trade had played out within a local speculative cycle.
The main lesson he carried into the current market was the need for strict discipline when taking profits, rather than waiting for the highest theoretical targets.
Why the trader behind the 700% XRP rally decided to simply hold Ethereum
The analyst built most of his position in mid-August 2026, opening a large long at $1,878, near the upper boundary of the $2,000–$2,200 resistance zone. He explained that entering before a confirmed breakout prioritized having market exposure over the risk of trying to find the perfect "dynamic bottom."
The current technical analysis of the ETH/USD weekly chart points to a trend reversal:
- Polarity flip: The price has successfully broken through the prolonged $2,300–$2,700 range, which now serves as a key support zone.
- Limited supply: Above current levels, there is almost no significant historical selling volume on higher time frames (overhead supply).
- Pragmatic target: Although his long-term macro outlook points to around $10,000 and the chart's technical target is near $4,000, DonAlt plans to take profits on most of his position at $3,000—a decision shaped by the profits he missed on XRP.
A major market participant's shift from active short-term speculation to a HODL strategy reflects current market conditions. When the higher-timeframe structure (weekly) completes an accumulation phase and moves into an uptrend, attempts to trade intraday volatility tend to increase transaction costs in fees.
For large market participants, holding a position in line with Ethereum's established medium-term trend now appears to be the most mathematically sound decision.
