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Home»ALTCOIN NEWS»Ethereum, Avalanche and One More Altcoin Supported for Holding and Ready for More Moves: Rekt Capital
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Ethereum, Avalanche and One More Altcoin Supported for Holding and Ready for More Moves: Rekt Capital

By Crypto FlexsDecember 4, 20242 Mins Read
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Ethereum, Avalanche and One More Altcoin Supported for Holding and Ready for More Moves: Rekt Capital
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A widely respected cryptocurrency analyst says three major altcoins, including Ethereum (ETH), are likely to surge.

In a new strategy session, anonymous cryptocurrency trader Rekt Capital told his 519,200 followers on social media platform said.

“The erratic retest is going perfectly. In fact, a retest of the trend line could lead to a challenge for $4,000 (red), with new support maintaining continued stability in the $3,650 area.”

Source: Rekt Capital/X

Ethereum is trading at $3,790 at the time of writing, up 6% in the last 24 hours.

Rekt Capital takes a look at Ethereum rival Avalanche (AVAX), saying the altcoin has not only sparked an unexpected rally recently, but could continue its surge if it can regain its previous all-time highs from March.

“The Avalanche don’t care. There was an uptrend without a retest of $38.57 (blue). Of course, this will remain a natural downward trend in future regressions. However, if AVAX can recover its March 2024 high ($54.23 black), it could rise further.”

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Source: Rekt Capital/X

AVAX is trading at $53.00 at the time of writing, up 6.5% on the day.

Concluding our analysis of artificial intelligence (AI)-focused altcoin Artificial Superintelligence Alliance (FET), traders say the token is well on its way to successfully retesting a critical support zone before heading higher.

“There is a retest of the $1.77 (red) level as new support. FET is showing early signs of a successful retest. History may be slowly repeating itself for FETs.”

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Source: Rekt Capital/X

FET is trading at $1.89 at the time of writing, up 2.6% in the last 24 hours.

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