All eyes seem to be on the flagship cryptocurrency, bitcoin, ahead of the bitcoin-bull-market-glassnode/” rel=”nofollow”>bitcoin Halvingas market analysts predict more bullish moves for the crypto token. However, crypto analyst Jason Pizzino recently made a strong case for altcoins like ethereum-designated-as-commodity-by-cftc/” rel=”nofollow”>ethereum (eth) and ethereum-in-this-metric/” rel=”nofollow”>Solana (SUN) and why so much attention should be paid to them as well.
ethereum and Solana remain 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, in which he noted that bitcoin was currently grabbing the spotlight with bitcoin-breaks-through-69000-setting-new-record/” rel=”nofollow”>new all-time highs (ATH) while eth appears to be consolidating.
As the analyst highlights, this is similar to the bitcoin-shatters-profit-taking-streak-2021-bull-run/” rel=”nofollow”>previous confinement when eth consolidated while bitcoin hit new ATHs. However, eth saw a significant rise shortly after, while bitcoin cooled off. As such, if history were to repeat itself, eth could once again enjoy a trend reversal soon enough and make a ethereum-to-10000-programmed/” rel=”nofollow”>parabolic upward movement.
Pizzino also mentioned SOL as another altcoin that can potentially reach new prices against the value of bitcoin. In the last confinement, the crypto token It also saw major downward moves as bitcoin hit new ATHs. However, a trend reversal quickly occurred and SOL enjoyed bullish moves.
Therefore, ethereum-founder/” rel=”nofollow”>SUN, like eth, you could be prepared for sudden price increases if history were to repeat itself. Pizzino added that this is a time to be vigilant and view any price declines as a buying opportunity to position yourself for these price gains that could be on the horizon.
ethereum shows some strength
bitcoin-150000-40-correction/” rel=”nofollow”>The cryptanalyst Michaël van de Poppe echoed Pizzino's sentiments in a x.com/CryptoMichNL/status/1774440260417544197?s=20″ rel=”nofollow”>mail on its x platform (formerly twitter). While analyzing the eth/btc pair, he noted that the price of eth has not made any significant movement against that of bitcoin so far. However, he added that it is a “good sign to see slight strength in ethereum.”
Like Pizzino, van de Poppe also expects ethereum to make a massive move against bitcoin's value soon enough. The crypto expert explicitly stated that he still expects “a lot” from the second-largest crypto token by market capitalization. In addition to ethereum, van de Poppe has continued to defend other altcoins while believe They are still undervalued.
In other x.com/CryptoMichNL/status/1774113859596587095?s=20″ rel=”nofollow”>x publicationhighlighted that alternative currencies They are down 25% to 40% from their recent highs. However, van de Poppe stressed that this is the perfect time to take positions and that these consolidations should be seen as opportunities and not drawbacks.
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btc takes crypto market down with flash crash | Source: BTCUSD on Tradingview.com
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