Ethereum and Altcoins Gearing Up for Explosive Move As ETH Mirrors December 2020 Structure: Jason Pizzino
A widely followed crypto analyst says that Ethereum and altcoins are bracing for a swing to the upside as ETH prints the same pattern it did in 2020. In a new video update, crypto strategist Jason Pizzino tells his 344,000 YouTube subscribers that the Ethereum/Bitcoin (ETH/BTC) pair is flashing a “major altcoin signal.” However, he warns that altcoins still have a bit further to drop before market sentiment turns around and sparks a rally. “ETH/BTC in November got a bounce but again it still has not broken past at least the 4% level and the major level that I’m watching for an overbalance in price here is 0.046 [BTC]. That’s going to give us an overbalance in price to the upside and ideally if [the 0.032 BTC] low isn’t taken out, it’ll be overbalanced in time as well and that would be that major altcoin signal, when everyone has that extreme greed, the excitement and the belief that these markets are just not going to com...