A widely respected cryptocurrency strategist believes that decentralized oracles running on Ethereum (ETH) are poised for a major market reversal.
Analyst Michaël van de Poppe told his 733,600 followers on social media platform X that he is bullish on Chainlink (LINK).
Van de Poppe predicts that LINK’s immediate resistance will be broken if the altcoin witnesses another uptrend.
“I believe LINK will be out in the next week or two.
Another test of $13 will be the trigger -> $18 next.”
At the time of this writing, LINK is trading at $10.96.
Looking at Ethereum itself, Van de Poppe shares a chart that suggests ETH could rise above $3,300 if it breaks a key resistance level.
“ETH has been on the rise and now the macro week has begun.
The question is whether we will see upward momentum or a retest of $2,000.
$2,750 test again = breakout.”
As of this writing, Ethereum is worth $2,479.
The last altcoin on traders’ radar is the native asset of layer 2 solution Optimism (OP). According to Van de Poppe, OP is just one resistance level away from seeing a major upside.
“I think next week will be the week when the ETH ecosystem wakes up.
OP is doing great and integrating.
$1.75 and up = party time.”
As of this writing, OP is trading at $1.56.
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