These Three Altcoins Could Be Gearing Up for a Bullish Reversal, Analyst Predicts

Crypto analyst Jason Pizzino suggests that three major altcoins could be showing signs of recovery after the recent market downturn.

In his latest update, he points to Ethereum (ETH) as a potential candidate for a bullish turnaround. After dropping to around $2,100, ETH has rebounded, and Pizzino believes it could soon reestablish $3,000 as a key support level.

He highlights the significance of recent price action, noting strong buying interest and a surge in trading volume. According to him, ETH needs to reclaim $2,950 and push past $3,100 to solidify its upward momentum.

Looking at Ethereum’s performance against Bitcoin (ETH/BTC), he observes a potential double-bottom pattern forming on the weekly chart—typically a bullish signal. If confirmed, this could indicate a stronger position for ETH moving forward.

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Turning to XRP, Pizzino suggests that it may be establishing a higher low after bouncing from $1.80. He notes that market sentiment remains cautious, but a higher-low structure could pave the way for a reversal.

Lastly, he examines Solana (SOL), which recently hit a low near $176 during a market-wide sell-off. Pizzino sees this level as a possible inflection point, suggesting that if SOL can reclaim $235 or ideally $250, it would strengthen its bullish outlook.

Alexander Stefanov