Chainlink (LINK) and These 2 Ethereum (ETH) Competitors Are Gearing Up for Big Market Reversals, According to Analyst

A widely followed crypto strategist believes that a decentralized oracle running on Ethereum (ETH) is gearing up for a big market reversal.

Crypto strategist Michaël van de Poppe is sharing his bullish outlook for three crypto assets, including Chainlink (LINK), as he anticipates a significant market reversal.

In a series of tweets to his 733,600 followers, Van de Poppe expresses optimism for LINK, highlighting a crucial resistance level that could lead to a substantial price increase.

“I believe that LINK will be breaking out in the next one to two weeks.

Another test of $13 is going to be the trigger –> $18 next.”

At the time of writing, Chainlink is trading at $10.96.

Next up is Ethereum (ETH), with Van de Poppe sharing a chart that suggests a rally above $3,300 if ETH can cross a key resistance level.

“ETH bounced upwards, and now the macroeconomic weeks are kicking in.

The question is: are we going to see some upward momentum or will it retest $2,000?

Testing $2,750 again = breakout.”

At the time of writing, Ethereum is valued at $2,479.

Finally, Van de Poppe discusses Optimism's (OP) native asset, highlighting one resistance level left before a potential strong move up.

“I think next week will be the week that 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.