Renowned crypto analyst believes Ethereum (ETH) could be preparing for an upward swing, according to a new video update from crypto strategist Jason Pizzino, who has 329,000 YouTube subscribers. Pizzino points to Ethereum’s average true range (ATR) as an indicator of potential rallies, suggesting that the leading smart contract platform may be gearing up for a breakout. He notes that Ethereum is displaying lower highs and higher lows, and that the ATR is showing signs of the market gearing up for another move to the upside. Pizzino predicts that Ethereum’s ATR will fall as it trades within a triangle structure, a pattern that typically precedes a significant move in the direction of the prevailing trend. He warns traders to be on the lookout for Ethereum’s ATR, as he believes ETH could suddenly take off, leaving them sidelined. Ethereum is currently trading at $3,502, a slight increase over the past 24 hours. Subscribe to receive email alerts directly to your inbox and follow The Daily Hodl on X, Facebook, and Telegram for the latest price action. Please note that The Daily Hodl does not provide investment advice and recommends that investors conduct their own research before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Trading and transfers are done at the investor’s own risk, and any losses incurred are their responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, and is not an investment advisor.
