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

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

Analyst Michaël van de Poppe tells his 733,600 followers on the social media platform X that hes bullish on Chainlink (LINK).

Van de Poppe predicts that LINKs immediate resistance will crumble if the altcoin witnesses another upside move.

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.

Source: Michaël van de Poppe/X

At time of writing, LINK is trading for $10.96.

Looking at Ethereum itself, Van de Poppe shares a chart suggesting that ETH will rally above $3,300 if it manages to breach 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.

Source: Michaël van de Poppe/X

At time of writing, Ethereum is worth $2,479.

The last altcoin on the traders radar is the native asset of the layer-2 solution Optimism (OP). According to Van de Poppe, OP is one resistance level away from witnessing a big burst to the upside.

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.

Source: Michaël van de Poppe/X

At time of writing, OP is trading for $1.56.

Generated Image: Midjourney