A widely followed crypto strategist believes that a decentralized oracle running on Ethereum (ETH) is preparing for a big market reversal.
Analyst Michaël van de Poppe tells 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 collapse if the altcoin experiences another upward move.
“I think LINK is going to break out in the next couple of weeks.
Another test of $13 is going to be the trigger –> $18 next.
At the time of writing, LINK is trading at $10.96.
Looking at Ethereum itself, Van de Poppe shares a chart suggesting ETH will surpass $3,300 if it manages to break through a key resistance level.
“ETH has rebounded higher, and now the macroeconomic weeks begin.
The question is: will we see upward momentum or will we retest $2,000?
Retest $2,750 = Breakout.
At the time of writing, Ethereum is worth $2,479.
The latest altcoin on the trader’s radar is the native asset of the layer 2 solution Optimism (OP). According to Van de Poppe, OP is at a resistance level of seeing a strong upward push.
“I think next week will be the week where the ETH ecosystem wakes up.
OP is doing great, just consolidating.
Above $1.75 = party time.
At the time of writing, OP is trading at $1.56.
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