A popular crypto analyst, Rekt Capital, is predicting significant price increases for both Ethereum (ETH) and Bitcoin (BTC).
Ethereum’s Potential 60% Surge
Rekt Capital believes Ethereum could rally by a whopping 60%. They point to the fact that ETH has successfully held the $2,500 support level for several weeks. Historically, this level has been a springboard for price increases to around $4,000. As long as Ethereum maintains this support, a significant rally is likely. At the time of writing, ETH is trading slightly below $2,500.
Bitcoin’s Weakening Resistance
Turning to Bitcoin, the analyst suggests that the final major resistance level is weakening. While Bitcoin recently faced rejection from this level, the resulting price dip was smaller than previous rejections. This indicates the resistance is becoming less effective. The analyst emphasizes that avoiding a daily close below $106,000 is crucial for Bitcoin’s continued upward momentum. At the time of writing, BTC is trading above $106,000.
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