Decentralized Oracle on Ethereum Primed for Market Reversal, Says Analyst

Chainlink (LINK) Expected to Break Out Soon

Analyst Michaël van de Poppe projects a bullish trend for Chainlink (LINK), an altcoin running on Ethereum’s decentralized oracle. He anticipates LINK to break through immediate resistance levels, with a potential move towards $18 after surpassing $13.

Ethereum (ETH) Eyeing a Rally Above $3,300

Van de Poppe also shares a positive outlook for Ethereum, forecasting a potential surge above $3,300 if it manages to overcome a critical resistance level. He points towards a test of $2,750 as a breakout indicator for the cryptocurrency.

Optimism (OP) Poised for Upside Momentum

The native asset of layer-2 solution Optimism, OP, is on Van de Poppe’s watchlist as it consolidates its position. An upward move above $1.75 could trigger significant positive movement for the cryptocurrency within the Ethereum ecosystem.

At the time of writing, LINK is trading at $10.96, Ethereum at $2,479, and OP at $1.56.

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