📌 Traders are predicting a major breakout for Ethereum-based altcoins.
– One trader is predicting a major breakout as ethereum-based altcoins prepare for an expected reversal.
A prominent crypto strategist believes that the decentralized oracle with Ethereum (ETH) is ready for a major market reversal.
Michael van de Poppe, an analyst with 733,600 subscribers on X, is bullish on Chain Link (LINK). He predicts that LINK could break through immediate resistance if it starts to rise again. A further test of the $13 level will trigger a rally to $18.
The current price of LINK is $10.87.
Moving on to Ethereum, Mr. Van de Poppe presented a chart showing that ETH could rise above $3,300 if it manages to break a key resistance level.
ETH bounced back, and now macroeconomic factors come into play. The big question is whether we will see upward momentum or a retest of the $2,000 level. If we see another test of the $2,750 level, it could mean a breakout.
The next altcoin that Van de Poppe focused on is Optimism (OP), the native asset of the Tier 2 solution.
OP is at another resistance level after a significant rise, he said.
Next week will be an important week for the ETH ecosystem.
OP is performing well and is currently consolidating. If it breaks through $1.75, we could see some interesting developments. OP is currently trading at $1.56. But I’m curious what you think about these altcoins.