Bitcoin, Ethereum Face Crucial Monthly Close on Friday: These Are the Levels to Watch

by | Jul 29, 2026 | General

Bitcoin (CRYPTO: BTC) remains at a pivotal support level all the while Ethereum (CRYPTO: ETH) is showing its strongest relative performance in months, according to a prominent crypto analyst.

The Key Technical Levels

In a livestream podcast on July 28, pseudonymous analyst DonAlt said Bitcoin needs to move decisively away from the $60,000 region and reclaim $65,000 to improve its technical outlook.

While Bitcoin has managed to hold the zone, he said repeated tests weaken support and increase the risk of a breakdown.

  • DonAlt predicts a monthly close around $60,000 to $61,000 would be a bearish development and could prompt him to reduce positions accumulated near $58,000.
  • A close near current levels would confirm that support held but would not provide enough momentum to inspire confidence.
  • By contrast, a move toward $69,000 or $70,000 before the monthly close would signal a stronger rebound and improve the bullish case.
  • If Bitcoin loses the $60,000 region, DonAlt sees around $45,000 as the most logical downside target. He described that level as an extreme valuation zone and said bearish targets materially below it would be overly aggressive.

Ethereum Looks Ready To Run

Ethereum stood out as the most attractive major crypto asset in DonAlt’s analysis as it is displaying relative strength against Bitcoin for the first time in an extended period.

A sustained move above $2,000 would improve Ethereum’s short-term structure, while a breakout above $2,500 could potentially open the door to a rapid return toward its previous all-time high.

DonAlt acknowledged his historical bias toward Ethereum but noted that the improving ETH-BTC chart and widespread investor skepticism create a favorable setup.

He argued that once Ethereum begins gaining momentum, sidelined investors may rush to regain exposure, accelerating the move.

Meanwhile, Solana (CRYPTO: SOL) continues to underperform, with DonAlt identifying the $35 to $40 region as a potential buying zone if the broader market breaks down.

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