Analyst Jason Pizzino Issues Ethereum Alert, Says ETH Looking Very Weak – Here Are His Downside Targets

The Daily Hodl
2025.03.06 10:31
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Cryptocurrency analyst Jason Pizzino warns that Ethereum (ETH) may drop over 47% from its current value due to a bearish double-top pattern observed on the weekly chart. This pattern indicates a lack of bullish strength to drive prices higher. As of now, ETH is trading at $2,231, reflecting a 2.4% increase in the last 24 hours.

Cryptocurrency analyst and trader Jason Pizzino is warning that Ethereum (ETH) may plummet in value for one main reason.

In a new video, Pizzino tells his 349,000 YouTube subscribers that ETH may decline by more than 47% of its current value after the top altcoin may have formed a bearish double-top pattern on the weekly chart.

A double-top pattern is considered a bearish indicator by technical analysts and suggests that bulls lack the strength to push the price of the crypto asset to greater heights.

Source: Jason Pizzino/YouTube

ETH is trading for $2,231 at time of writing, up 2.4% in the last 24 hours.

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