InvestorCrypto.net - All eyes are on the flagship crypto, Bitcoin, ahead of the Bitcoin Halving, as market analysts predict further upward movements for the crypto token.
However, crypto analyst Jason Pizzino recently put forward strong reasons for altcoins like Ethereum (ETH) and Solana (SOL) and why much focus should also be given to these altcoins.
Ethereum and Solana Still Ready for Strong Movements Ahead of Bitcoin Pizzino stated in a video on his YouTube channel that Ethereum could experience a breakthrough in the coming months.
This comes after his analysis of the ETH/BTC pair, where he noted that Bitcoin is currently in the spotlight with an all-time high (ATH) price while ETH seems to be consolidating.
As highlighted by the analyst, this is similar to previous increases when ETH consolidated while Bitcoin reached a new ATH. However, ETH experienced a significant increase shortly after that while Bitcoin cooled down.
Therefore, if history repeats itself, ETH could soon enjoy a trend reversal and make a parabolic move upwards.
Pizzino also mentioned SOL as another altcoin that has the potential to move towards new prices against Bitcoin. In the recent increase, the crypto token also experienced a significant downward movement as Bitcoin reached a new ATH.
However, a trend reversal quickly followed, with SOL enjoying an upward movement.
Therefore, SOL, like ETH, may be gearing up for a price surge if history repeats itself.
Pizzino added that this is a time to be cautious and view any price drops as buying opportunities to position for potential price increases.
Ethereum Shows Strength Crypto analyst Michaël van de Poppe echoed Pizzino's sentiment in a post on the X platform (formerly Twitter). When analyzing the ETH/BTC pair, he noted that the price of ETH has not made significant movements against Bitcoin so far.
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