Saturday, August 23, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Ethereum and Altcoins Gearing Up for Explosive Move As ETH Mirrors December 2020 Structure: Jason Pizzino – The Daily Hodl

24 December 2024
in Altcoin
Reading Time: 3 mins read
0 0
A A
0
Home Altcoin
Share on FacebookShare on Twitter


A broadly adopted crypto analyst says that Ethereum and altcoins are bracing for a swing to the upside as ETH prints the identical sample it did in 2020.

In a brand new video replace, crypto strategist Jason Pizzino tells his 344,000 YouTube subscribers that the Ethereum/Bitcoin (ETH/BTC) pair is flashing a “main altcoin sign.”

Nevertheless, he warns that altcoins nonetheless have a bit additional to drop earlier than market sentiment turns round and sparks a rally.

“ETH/BTC in November acquired a bounce however once more it nonetheless has not damaged previous at the least the 4% stage and the most important stage that I’m looking forward to an overbalance in value right here is 0.046 [BTC].

That’s going to present us an overbalance in value to the upside and ideally if [the 0.032 BTC] low isn’t taken out, it’ll be overbalanced in time as nicely and that will be that main altcoin sign, when everybody has that excessive greed, the joy and the assumption that these markets are simply not going to come back again down.

We’re nonetheless not there but so I don’t assume it’s too loopy to assume that we’d see additional at the least consolidation however till that occurs, you’re most likely not going to get that very same excessive pleasure to the upside.”

Based on the dealer, ETH/BTC is mirroring the identical sample it did in 2020 earlier than taking off.

“It’s just like what occurred in December of 2020 and what adopted December 2020 is your large January bar: massive, massive quantity, massive reversal…

So we take a look again to January [2021]. You begin to see that quantity actually choose up early on and simply come again out of nowhere. You may see [December 27th, 2020] it began to choose up and [on] the third of January [2021], [a] good massive transfer. Third and fourth [of January], [ETH/BTC] begins to interrupt these tops after which consolidate above these help ranges.

You may see they’re round 3% after which it began to maneuver once more – positive it got here again down, however that provides you the overbalance that you just’re on the lookout for, that means extra patrons for an extended time period and so they’re holding the worth up. That’s precisely what we have to see, and we haven’t seen it but with the ETH/BTC chart.”

ETH/BTC is valued at 0.0342 BTC ($3,264.68) at time of writing.

Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox

Examine Worth Motion

Comply with us on X, Fb and Telegram

Surf The Every day Hodl Combine

&nbsp

Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses you might incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in online marketing.

Generated Picture: Midjourney



Source link

Tags: AltcoinsDailyDecemberETHEthereumexplosiveGearingHodlJasonMirrorsMovePizzinostructure
Previous Post

BlackRock’s Ethereum ETF Soars Past 1 Million ETH – Can Price Follow? | Bitcoinist.com

Next Post

Bitcoin beats actual inflation, but the S&P 500 does not beat inflation

Related Posts

Ben Waxman to Block Politicians From Crypto Trading
Altcoin

Ben Waxman to Block Politicians From Crypto Trading

23 August 2025
13 Traders Score $24M From Kanye West’s YZY Token Crash
Altcoin

13 Traders Score $24M From Kanye West’s YZY Token Crash

22 August 2025
UK Hits Kyrgyz Banks and Crypto Tied to $9.3B Ruble Token
Altcoin

UK Hits Kyrgyz Banks and Crypto Tied to $9.3B Ruble Token

21 August 2025
Market panic is back
Altcoin

Market panic is back

21 August 2025
Michel Franco Warns Fascism Tops AI as a Global Threat
Altcoin

Michel Franco Warns Fascism Tops AI as a Global Threat

20 August 2025
Tether Brings In Bo Hines as Strategic Guide
Altcoin

Tether Brings In Bo Hines as Strategic Guide

19 August 2025
Next Post
Bitcoin beats actual inflation, but the S&P 500 does not beat inflation

Bitcoin beats actual inflation, but the S&P 500 does not beat inflation

Keep Investing Since Crypto Winter Is Not Over Despite The Big Crash

Keep Investing Since Crypto Winter Is Not Over Despite The Big Crash

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

10 August 2025
Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

13 August 2025
XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

8 August 2025
PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

8 August 2025
SEC Ramps up Crypto Outreach With New Events Built to Capture Unheard Input – Regulation Bitcoin News

SEC Ramps up Crypto Outreach With New Events Built to Capture Unheard Input – Regulation Bitcoin News

23 August 2025
Coinbase’s US Training & Citizenship Rule To Thwart North Korean Threat | Bitcoinist.com

Coinbase’s US Training & Citizenship Rule To Thwart North Korean Threat | Bitcoinist.com

23 August 2025
Philippines Congressman Pushes Strategic Bitcoin Reserve Bill With 10,000 BTC Goal | Bitcoinist.com

Philippines Congressman Pushes Strategic Bitcoin Reserve Bill With 10,000 BTC Goal | Bitcoinist.com

22 August 2025
BCH Price Prediction: Bitcoin Cash Eyes $650 Break Above Key Resistance in Next 30 Days

BCH Price Prediction: Bitcoin Cash Eyes $650 Break Above Key Resistance in Next 30 Days

22 August 2025
Mickalene Thomas’s ex-fiancée accuses the artist of sexual harassment and stealing millions of dollars from her

Mickalene Thomas’s ex-fiancée accuses the artist of sexual harassment and stealing millions of dollars from her

22 August 2025
Alphractal Says Resilient Dogecoin Metrics Could Lead To Price Breakout

Alphractal Says Resilient Dogecoin Metrics Could Lead To Price Breakout

22 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$115,827.002.46%
  • ethereumEthereum(ETH)$4,724.4310.05%
  • rippleXRP(XRP)$3.025.48%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$885.514.27%
  • solanaSolana(SOL)$202.0910.40%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$4,712.0210.14%
  • dogecoinDogecoin(DOGE)$0.2333537.29%
  • tronTRON(TRX)$0.3635061.90%