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

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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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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