• Prominent cryptocurrency analyst tells the market that Ethereum is likely to see a promising run in the near term. 
• Chainlink (LINK) is poised to go to $10 according to the analyst, but the asset currently faces pushback as altcoins collectively shed gains. 

Prominent cryptocurrency analyst Michaël van de Poppe has recently given his 649,000 Twitter followers a notable insight into where Ethereum (ETH) might be headed in the near term. The analyst also made a bullish prediction for the price of Chainlink (LINK), after the asset hits a new price high.

According to analyst Michaël van de Poppe, the $1,600 level had the capacity to push Ethereum (ETH) to a higher price level. However, the bearish momentum seemed to have suppressed the bull, as the potential price jump was swiftly rejected.

He remains confident that the market is still promising for Ethereum (ETH) traders. In addition, he says that the market is likely to take up a higher trend movement. It is however worth noting that the analyst is unsure of when any entry position will present itself for market players. He said in a tweet;

Ethereum showed that the $1,600 level was strong enough for a bounce, but first level immediately rejects.
I think that we’ll be continuing to trend higher, but the ultimate question is whether we’ll get another entry for this long trade.

Ethereum (ETH) is presently attempting to reverse losses as daily gains begin to surface. The altcoin is now trading at a price of $1,636.

Chainlink is poised to hit $10 while altcoins collectively struggle to stay afloat

The analyst is also on the lookout for a potential upswing for LINK, the native token of the decentralized oracle network Chainlink. In another tweet, Michaël van de Poppe asserted that Chainlink (LINK) looks poised to continue its run toward the $10 price level. “Chainlink looks decent for continuation towards $10.” His tweet reads.

His price call for LINK might be considered generous to some, as LINK, like many other altcoins in the market, is sustaining losses at this time. In the last 7 days, LINK, the 20th most-valued altcoin, has lost 11.6 percent of its price value. Hourly losses have also surged, keeping the asset below $8.

LINK currently trades at $7.29 after losing momentum above $8 last week. Should LINK bulls break current resistance levels, the asset could live up to market expectations and be on its way to $10.

His predictions come not long after Chainlink (LINK) recorded its largest transaction in 8 months last week. Santiment reported that $106 million in LINK was moved to a new eagle address. It was the largest amount moved since June last year. After the transfer took place, Link surged to $8.34 on the same day, making it the highest level the asset has attained since FTX collapsed.

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