"Analyst Sees Bullish Reversal for ETH, XRP, SOL After Market Correction"

Cryptocurrency analyst and trader Jason Pizzino has identified potential bullish reversals for three top altcoins - Ethereum (ETH), Solana (SOL), and Ripple's XRP - following the recent market correction. In a recent video, Pizzino shared his analysis with his 348,000 YouTube subscribers, highlighting key support levels and patterns that suggest a potential turnaround for these digital assets.

For Ethereum, Pizzino believes that the smart money has been accumulating the cryptocurrency, pushing it up to around $2,100 to $2,200. He expects ETH to regain $3,000 as support, with closes above $2,900 and a break above the 50% Fibonacci level at around $3,100 being crucial for a sustained recovery. Additionally, Pizzino points out that the ETH/BTC pair on the weekly chart may be forming a double-bottom pattern, which is typically considered a bullish reversal pattern.

Ripple's XRP is also on Pizzino's radar, as he anticipates a bullish higher-low price pattern on the daily chart after bouncing from $1.80. He suggests that XRP may print a higher low with increased fear in the market, potentially setting the stage for a reversal.

Lastly, Pizzino is optimistic about Ethereum competitor Solana (SOL), which he believes may reclaim $235 as support after bouncing off a "panic" low. He expects SOL to close above $235 and ideally $250, indicating a stronger position for the cryptocurrency moving forward.

At the time of writing, ETH is trading for $2,663, down 2.83% in the last 24 hours. XRP is trading for $2.51, down 7.3% in the same period, while SOL is trading for $205, down 5.2% in the last 24 hours.