Analyst Speaks for Ethereum and Artificial Intelligence Altcoin Rising 258%: "Post-Support Rally Is Coming!"

Popular analyst Rekt Capital believes that the price of Fetch.ai, an artificial intelligence (AI)-driven altcoin, could reach an all-time high soon.

Rekt Capital thinks that Fetch.ai price may remain in an uptrend if it surpasses a key resistance level on the monthly chart. According to the analyst, the retest has been quite successful so far. If this successful process continues, it will be possible to move towards the last major resistance.

Although FET noted when it traded at $0.204 on October 19, 2023, it is trading at $0.730 at the time of writing, a gain of about 258%. FET had reached an all-time high of $1.17 per day in November 2021.

Fetch.ai is also known as a blockchain-based AI platform that aims to automate supply chain logistics or record-keeping for individuals or organizations.

Rekt Capital states that Ethereum is the next item on its radar, and thinks that if the price holds $2274, it will continue to move upwards. According to the analyst, the price is now retesting $2274. A successful test could open the possibility of a rally above 22%.

According to the analyst's chart, ETH could test $2791 by the end of this month. At the time of writing, the price of Ethereum was trading at $2266.

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