Crypto analyst Jason Pizzino is predicting a potential rally for Ethereum (ETH) and altcoins, suggesting that they could outpace Bitcoin (BTC) in the coming months. In a recent video update to his 321,000 YouTube subscribers, Pizzino highlighted the ETH/BTC pair as a key indicator for this potential surge.
Pizzino pointed out that historical trends suggest that if ETH/BTC follows a similar pattern to the last Bitcoin cycle peak, traders could see a breakout in the pair as early as May or June. He noted that after Bitcoin hits a new all-time high, there is typically a period of consolidation before altcoins like Ethereum make significant gains.
Currently, ETH/BTC is trading at 0.05145 BTC ($3,616), indicating a potential opportunity for investors looking to capitalize on the altcoin market. Pizzino also mentioned Solana (SOL) as another altcoin that could experience a similar surge in the near future.
Solana is currently trading at $196, with a slight decrease in price over the last 24 hours. Pizzino suggested that as Bitcoin continues to reach new highs, altcoins like Solana could follow suit and see significant growth.
Investors are advised to do their own research and due diligence before making any high-risk investments in cryptocurrencies. The Daily Hodl does not provide investment advice and encourages readers to be cautious when trading digital assets.
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