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Home»Analysis»Breakout Rallies in Sight for Ethereum (ETH) and Chainlink (LINK), According to Analyst – Here’s His Prediction
Analysis

Breakout Rallies in Sight for Ethereum (ETH) and Chainlink (LINK), According to Analyst – Here’s His Prediction

2023-12-03No Comments2 Mins Read
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A closely watched crypto strategist believes that Ethereum (ETH) and Chainlink (LINK) are poised to witness more positive moves.

Pseudonymous analyst Inmortal tells his 202,500 followers on social media platform X that Ethereum has broken out of a triangle formation on the four-hour chart.

According to Inmortal, the outbreak is likely stick This time.

“ETH is ready to do the thing.

This time for real.”

Image
Source: Immortal/X

At the time of writing, Ethereum is trading at $2,162, up 3.63% in the past 24 hours.

Looking at decentralized oracle network Chainlink, the analyst thinks LINK has broken out of an ascending triangle pattern and appears poised to hit his target at $17.00.

“We Gucci. Keep pushing.”

Image
Source: Immortal/X

At the time of writing, LINK is worth $15.92, up over 6% in the past day.

As for Bitcoin (BTC), Inmortal says the crypto king has managed to maintain a strong uptrend over the past month and a half after printing consecutive bullish higher-low setups.

“In short, this is not a good idea. All shorts opened in the last 45 days are either halted, liquidated or underwater. Meanwhile, the market continues to hit higher lows.”

Image
Source: Immortal/X

At the time of writing, Bitcoin is trading at $39,558, up more than 2% in the past 24 hours.

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Analyst Breakout Chainlink ETH Ethereum Heres LINK Prediction Rallies sight
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