In the grand theater of cryptocurrency, a sage analyst, cloaked in the shadows of pseudonymity, proclaims that Ethereum (ETH) may just leap like a gazelle, soaring 60% despite its recent tumble. Who knew digital coins could be so dramatic? 🎭
In a riveting thread, our mysterious oracle, Rekt Capital, addresses his 549,400 devoted followers on the platform X, revealing that the illustrious altcoin is clinging to a pivotal level that has historically ignited fervent rallies. Talk about a gripping plot twist!
“Ethereum continues to maintain $2,500 as support despite the dip. Historically, holding $2500 as support has enabled moves to $4,000 over time. Ethereum needs to keep demonstrating stability here, just like it has done for the past five weeks now.”
As of this moment, Ethereum is trading at $2,517, a minuscule dip that barely raises an eyebrow. If Rekt Capital’s prophecy holds true, we might just witness a 60% ascension for ETH. Buckle up, folks! 🎢
Shifting our gaze to the reigning monarch of crypto, Bitcoin (BTC), our analyst observes that the last bastion of resistance appears to be crumbling like a stale cookie after the crypto king closed last week above $105,000. Oh, the suspense!
“Bitcoin has rejected from the final major weekly resistance. But how strong will this rejection be? Rejection from a few weeks ago caused a -8% dip. Thus far, this rejection caused a -5.8% dip. If this dip is shallower, resistance [is] getting weaker.”
Our trader also notes that the best fate for the crypto king’s price tag is to dodge a daily close below $106,000, lest it face a subsequent rejection. Sounds like a soap opera, doesn’t it?
“On the daily timeframe, Bitcoin found support at this local green area yesterday. What price needs to avoid doing is daily closing below the green box and rejecting from it like in the previous red circle.”
At the time of writing, BTC is trading at $106,788, marking a slight increase of over 1% on the day. Will it rise like a phoenix or fall like a lead balloon? Only time will tell! ⏳
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2025-06-16 17:42