Trader Anticipates Upcoming Breakout for Ethereum-Based Altcoin in Next Two Weeks, Revises Forecast on ETH and OP
A well-known crypto analyst predicts a significant market reversal for a decentralized oracle operating on the Ethereum (ETH) network.
Making his bullish stance clear, analyst Michaël van de Poppe informs his 733,600 followers on X, a popular social media platform, about his positive outlook on Chainlink (LINK).
“I believe that LINK will experience a breakout in the coming weeks, potentially reaching $18 after surpassing the $13 resistance level.”
As of now, LINK is valued at $10.96.
Shifting focus to Ethereum, Van de Poppe shares a chart indicating that if the cryptocurrency manages to overcome a crucial resistance level, it could rally above $3,300.
“ETH has experienced an upward bounce, and with the macroeconomic factors coming into play, the question is whether we will witness further upward momentum or a retest of $2,000. However, testing $2,750 again could result in a breakout.”
Presently, Ethereum is priced at $2,479.
The final altcoin that the trader has his eye on is the native token of Optimism (OP), a layer-2 solution for Ethereum. According to Van de Poppe, OP could witness a substantial upward surge once it surpasses a crucial resistance level.
“I believe that next week will be the awakening of the ETH ecosystem. OP is performing well and is currently consolidating. If it manages to break above $1.75, the party will begin.”
As of now, OP is trading at $1.56.
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