All eyes seem to be on the flagship crypto, Bitcoin, ahead of the Bitcoin halvingas market analysts to predict further upward moves for the crypto token. However, crypto analyst Jason Pizzino recently made a strong case for altcoins such as Ethereum (ETH) And Solana (SOL) and why a lot of attention should also be paid to it.
Ethereum and Solana are still poised for strong moves ahead of Bitcoin
Pizzino suggested in a video on his YouTube channel that Ethereum could experience a breakout in the coming months. This came after his analysis of the ETH/BTC pair, where he noted that Bitcoin is currently in the spotlight new all-time highs (ATH) while ETH appears to be consolidating.
As highlighted by the analyst, this is similar to the previous bull run as ETH consolidated while Bitcoin hit new ATHs. However, ETH saw a significant increase soon after, while Bitcoin cooled off. So, if history were to repeat itself, ETH could enjoy another trend reversal soon enough and make a run for it parabolic movement upwards.
Pizzino also mentioned SOL as another altcoin that could potentially move to new prices against Bitcoin’s value. In the last bull run the crypto token also experienced significant downside moves as Bitcoin reached new ATHs. However, a trend reversal soon followed, with SOL making an upward move.
Therefore, SOL, like ETH, could be poised for price increases if history were to repeat itself. Pizzino added that this is a time to be aware and view any price decline as a buying opportunity to position for these price gains that could be on the horizon.
Ethereum is showing some strength
Crypto analyst Michaël van de Poppe echoed Pizzino’s sentiments in one after on its X platform (formerly Twitter). Analyzing the ETH/BTC pair, he noted that the price of ETH has not made any significant move against that of Bitcoin so far. However, he added that it is a “good sign to see some strength in the fight Ethereum.”
Like Pizzino, Van de Poppe also expects that Ethereum will take a huge step compared to the value of Bitcoin soon enough. The crypto expert explicitly stated that he still expects “a lot” from the second largest crypto token in terms of market capitalization. In addition to Ethereum, Van de Poppe has continued to advocate for other altcoins, just like him believes they are still undervalued.
In another X messagehe emphasized that altcoins are down between 25% and 40% from their recent highs. However, Van de Poppe noted that this is the perfect time to take positions and that these consolidations should be seen as opportunities rather than disadvantages.
BTC takes crypto market down with flash crash | Source: BTCUSD on Tradingview.com
Featured image of The Top Coins, chart from Tradingview.com
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