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.
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.
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