Rekt Capital, a prominent market observer, has pinpointed Ethereum (ETH), Avalanche (AVAX), and the FET token as poised for considerable price increases. In a recent communication to his extensive following on social media, he underscored the importance of maintaining specific support levels for these digital assets to capitalize on their growth prospects.
Why is Ethereum’s Support Level Critical?
According to Rekt Capital, Ethereum needs to hold the $3,650 support level to make a run towards its $4,000 target. He noted, “If Ethereum can stabilize around the $3,650 mark, it could trigger a positive price movement.” Currently trading at $3,790, ETH has seen a 6% uptick in the last 24 hours, fostering optimism among stakeholders.
What Does the Future Hold for Avalanche and FET?
Rekt Capital expressed optimism for Avalanche (AVAX), anticipating a potential retest of previous highs. Trading at $53, AVAX has recorded a 6.5% gain in the last day, raising hopes for a push towards its March peak. He further mentioned that while testing these levels, investors should remain vigilant about key support zones.
For the AI-driven token FET, the analyst highlighted the importance of the $1.77 support level for a higher upward trajectory. Currently at $1.89 with a daily rise of 2.6%, this level should be closely monitored by traders.
Investors should consider the following points:
- Ethereum must maintain the $3,650 support for further growth.
- Avalanche is showing promise but requires cautious monitoring of critical levels.
- FET’s movement is heavily reliant on the $1.77 support.
While Rekt Capital’s insights provide valuable guidance amid the inherent volatility of the crypto market, he advises investors to exercise caution and make well-informed decisions. “Historical data may not predict future outcomes, but employing the right strategy can open doors to opportunities,” he remarked.