Trader Sees Incoming Breakout for Ethereum-Based Altcoin in Next Two Weeks, Updates Forecast on ETH and OP

An experienced crypto analyst suggests that a decentralized oracle operating on Ethereum (ETH) is preparing for a significant market turnaround.

Crypto strategist Michaël van de Poppe, with a following of 733,600 on the social media platform X, expresses optimism about Chainlink (LINK).

Van de Poppe anticipates that LINK will break through immediate resistance levels if the altcoin experiences another upward movement.

“I believe that LINK will break out in the next one to two weeks. Another test of $13 will trigger a move to $18 next.”

Currently, LINK is trading at $10.96.

Turning to Ethereum, Van de Poppe shares a chart indicating that ETH could surge above $3,300 upon breaking a crucial resistance level.

“ETH has bounced upwards, and with macroeconomic factors coming into play, the question is whether we’ll see upward momentum or a retest of $2,000. Testing $2,750 again could lead to a breakout.”

At present, Ethereum is valued at $2,479.

Van de Poppe also has his eyes on the native asset of layer-2 solution Optimism (OP). He believes OP is one resistance level away from a significant upward movement.

“I anticipate next week to be when the ETH ecosystem gains momentum. OP is performing well, consolidating. A move above $1.75 would signal a bullish trend.”