A popular crypto analyst, Jason Pizzino, is predicting a potential bullish reversal for Ethereum (ETH), Solana (SOL), and XRP. He shared his analysis with his large YouTube following.
Ethereum (ETH) on the Rise?
Pizzino believes ETH could soon find support at $3,000 after its recent dip to around $2,100. He points to strong buying activity and high trading volume as positive signs. He’s looking for a close above $2,900, ideally surpassing $3,100 for confirmation of a reversal. He also highlighted a potential double-bottom pattern on the ETH/BTC weekly chart, another bullish indicator. At the time of writing, ETH was trading slightly below $2,700.
XRP: A Higher Low?
For XRP, Pizzino suggests the possibility of a higher low pattern forming on the daily chart after its bounce from around $1.80. He acknowledges that further dips are possible, but sees this as a potential turning point. XRP was trading at approximately $2.51 at the time of this writing.
Solana (SOL): Reversal After Panic Dip?
Pizzino sees Solana’s recent drop to $176 as a potential “panic low,” often a precursor to a price reversal. He believes a close above $235, ideally $250, would strengthen the case for a bullish turnaround. SOL was trading around $205 at the time of writing.
Disclaimer: This information is for general knowledge and does not constitute financial advice. Always conduct thorough research and consider your own risk tolerance before making any investment decisions.
