Top analyst says he’s bullish on ETH and ADA, but another altcoin looks stronger

Renowned analyst Jason Pizzino is researching several crypto assets as the market shows some signs of strength.

Pizza speak To his 190,000 YouTube subscribers that while he expects ETH to fall against Bitcoin in the short term, he remains optimistic about Ethereum in the long term.

“ETH, it’s one of those assets that I feel safe with …

I think it still needs to be reduced a bit. I wouldn’t be surprised to see a slight increase here, maybe 6%, maybe more, but it’s just a retest of the previous lows before it goes down further. “

ETH / BTC daily chart | Source: TradingView

The YouTuber says Cardano (ADA) is also on his radar as it holds its value better than other altcoins during the market sell-off.

“Cardano looks very strong. This is one of the altcoins I would buy if I saw a base forming before other cryptocurrencies. Like I said, I wouldn’t invest too much capital in altcoins, but given the strength ADA has achieved over the past few months, I think it’s a good thing to think about investing your capital.

Daily ADA / BTC chart | Source: TradingView

Pizzino says Solana (SOL) is even stronger than ADA as it has held up quite well against the BTC pair since May 15.

“SOL / BTC has done pretty well since the 15th with a couple of challenging all-time highs… In my opinion this is a sign of strength and as mentioned earlier. I will average the prices of a selected number of Altcoins.

Solana is one of them. Cardano has a lot of potential too, but Solana looks a little stronger here. ETH is also likely, but I’m still waiting for a signal. “

Daily SOL / BTC chart | Source: TradingView

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

• Top 5 altcoins for July, according to BeinCrypto analyst Jessica Walker
• July 1st Technical Analysis: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC

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