All attention is Bitcoin halvingas a market analyst Predict Crypto tokens are trending even higher. However, crypto analyst Jason Pizzino recently made a strong case for altcoins: Ethereum (ETH) and Solana (SOL) And why should we focus on them?
Ethereum and Solana still gear up for strong moves ahead of Bitcoin
Pizzino suggested: video On his YouTube channel, he said that Ethereum could experience a breakout in the coming months. This comes on the heels of his analysis of the ETH/BTC pair, in which he pointed out that Bitcoin is currently gaining traction. Updated all-time high (ATH) On the other hand, ETH appears to be consolidating.
As highlighted by analysts, this is something like: last bull market When ETH consolidated while Bitcoin reached the new ATH. However, shortly after that, ETH experienced a significant rally while Bitcoin cooled down. So, if history were to repeat itself, ETH would soon enjoy another trend reversal and upward parabolic movement.
Pizzino also mentioned SOL as another altcoin that could move to a new price relative to Bitcoin’s value. In the final bullish move, crypto token Bitcoin also experienced a significant drop as it reached a new ATH. However, the trend soon reversed and SOL enjoyed an upward move.
therefore, Same as SOL and ETH, if history repeats itself, we could be poised for a price hike. Pizzino added that now is the time to pay attention to price declines and view them as buying opportunities to prepare for possible future price increases.
Ethereum is showing some strength
Cryptocurrency analyst Michael van de Poppe I echoed Pizzino's sentiments. post on his X (formerly Twitter) platform. While analyzing the ETH/BTC pair, he pointed out that the price of ETH has not made any noticeable movements relative to the price of Bitcoin at the moment. But he added that this is “a good sign that we are seeing some strength in the economy.” Ethereum”
Like Pizzino, Van de Poppe also expects Ethereum to make a big move against Bitcoin's value in the near future. The cryptocurrency expert declared that he still has “a lot” of expectations for the second-largest crypto token by market capitalization. In addition to Ethereum, Van de Poppe continues to advocate for other altcoins as well. believe They are still underrated.
somewhere else ×posthe emphasized. altcoin It's down 25% to 40% from recent highs. However, Van de Poppe said now is the perfect time to take a position and these consolidations should be seen as an opportunity rather than a drawback.
BTC takes crypto market down with flash crash | Source: BTCUSD on Tradingview.com
Featured image from The Top Coins, chart from Tradingview.com
