{"id":70335,"date":"2025-02-05T22:08:45","date_gmt":"2025-02-05T22:08:45","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/ethereum-solana-and-xrp-likely-forming-reversals-according-to-crypto-analyst-jason-pizzino\/"},"modified":"2025-02-05T22:08:45","modified_gmt":"2025-02-05T22:08:45","slug":"ethereum-solana-and-xrp-likely-forming-reversals-according-to-crypto-analyst-jason-pizzino","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=70335","title":{"rendered":"Ethereum, Solana and XRP Likely Forming Reversals, According to Crypto Analyst Jason Pizzino"},"content":{"rendered":"


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Cryptocurrency analyst and trader Jason Pizzino believes three top altcoins may be forming bullish reversals after the market\u2019s correction.<\/p>\n

In a new video, Pizzino tells<\/a> his 348,000 YouTube subscribers that Ethereum (ETH<\/a>) may soon regain $3,000 as support after bouncing off of a low of around $2,100.<\/p>\n

\u201cOverall, the smart money bought this thing up pretty damn hard. It\u2019s hit all the targets now down to 150%, so that\u2019s $2,100 to $2,200\u2026 <\/em><\/p>\n

We are now looking for closes above $2,900. Another massive thing about this bar is that it had huge volume, and it closed back above all these previous tops at $2,700. That was the previous support area\u2026 <\/em><\/p>\n

It\u2019s got to get back above this swing low here at $2,950 and then ideally above that 50% level at around $3,100.\u201d<\/em><\/p>\n

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Source: Jason Pizzino\/YouTube<\/figcaption><\/figure>\n

He also says that ETH in its Bitcoin pair (ETH\/BTC<\/a>) on the weekly chart may be forming a double-bottom pattern, which is typically considered a bullish reversal pattern.<\/p>\n

\u201cETH\/BTC pairing, it needs to get back above these swing bottoms\u2026 <\/em><\/p>\n

Potential double bottom here with the December 2020 low, that\u2019s back at around 2.2%, so we could be in for some sort of double bottoming here.\u201d<\/em><\/p>\n

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Source: Jason Pizzino\/YouTube<\/figcaption><\/figure>\n

ETH\/BTC is trading for 0.02750 BTC ($2,663) at time of writing, down 2.83% in the last 24 hours.<\/p>\n

Next up, the analyst says that Ripple\u2019s XRP<\/a> may print a bullish higher-low price pattern on the daily chart after bouncing from $1.80.<\/p>\n

\u201cMaybe you got a little more downside here into a higher low with more fear coming into the sentiment.\u201d<\/em><\/p>\n

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Source: Jason Pizzino\/YouTube<\/figcaption><\/figure>\n

XRP is trading for $2.51 at time of writing, down 7.3% in the last 24 hours.<\/p>\n

Lastly, he says that Ethereum competitor Solana (SOL<\/a>) may reclaim $235 as support after bouncing off a \u201cpanic\u201d low.<\/p>\n

\u201cWe\u2019re seeing another panic low [at $176.]. Typically from these panics, they are reversal points. So we could be in for a reversal here. And then you would just look to your next levels at the 50%, so $235 \u2013 so some close above $235, $250 ideally, that\u2019s going to be a nice, stronger position for Solana moving forward.\u201d<\/em><\/p>\n

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Source: Jason Pizzino\/YouTube<\/figcaption><\/figure>\n

Solana is trading for $205 at time of writing, down 5.2% in the last 24 hours.<\/p>\n