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 $BTC The current price of LINK is $BTC 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.
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