A prominent crypto strategist believes that there is a significant market reversal in store for a decentralized oracle operating on the Ethereum blockchain. Michaël van de Poppe, an analyst with a large following on social media, expressed his bullish sentiment towards Chainlink (LINK). He predicts that if LINK experiences another upward movement, its immediate resistance will collapse. Van de Poppe anticipates that LINK will break out within the next one to two weeks, with a potential trigger at $13 and a subsequent target of $18. Currently, LINK is trading at $10.96.

In addition to his positive outlook on Chainlink, Van de Poppe also shared his analysis on Ethereum. He presented a chart suggesting that if Ethereum manages to surpass a significant resistance level, it could rally above $3,300. Van de Poppe believes that the next few weeks will be crucial for Ethereum, as it will determine whether the cryptocurrency will gain upward momentum or retest the $2,000 level. A successful test at $2,750 would indicate a breakout. At present, Ethereum is valued at $2,479.

Van de Poppe also highlighted the native asset of the layer-2 solution Optimism, known as OP. He stated that OP is on the verge of a significant upward burst, pending the breach of one resistance level. The analyst expects the ETH ecosystem to awaken next week, with OP consolidating and poised for growth. A breakthrough above $1.75 would signal a bullish trend. Currently, OP is trading at $1.56.

As always, it is important to conduct thorough research and exercise caution before making any high-risk investments in cryptocurrencies or digital assets. The Daily Hodl does not provide investment advice and is not responsible for any losses incurred by readers.