Bitcoin While making a good start to 2024, it exceeded $ 45,000. BTC While altcoins are also gaining momentum, investors are wondering whether the rise will continue.
At this point, popular cryptocurrency analyst Ali Martinez, in his analysis Ethereum and popular, which has attracted attention with its recent rise altcoin Chainlink (LINK) examined.
“Price Targets for Ethereum are $3,830 and $5,100!”
Ali Martinez, who first reviewed Ethereum, ETH used MVRV pricing bands for price prediction.
Based on the MVRV bands, he said the next price targets for ETH are $3,830 and $5,100.
“According to MVRV Pricing Bands, the next key price targets for ETH are $3,830 and $5,100.”
Ethereum At the time of writing, it continues to be traded at $ 2,412.
According to the #Ethereum MVRV Pricing Bands, the next key price targets for $ETH are $3,830 and $5,100! pic.twitter.com/cLo4crWkPF
— Ali (@ali_charts) January 1, 2024
“Chainlink is Ready for Ascension!”
Secondly, the analyst examining Chainlink, LINKHe claimed that it exhibited signs of a bullish pennant formation.
The analyst said that LINK could experience a breakout, especially if there is a clear close above the $17.2 level.
According to Martinez, such closure LINK It could act as a catalyst to push its price towards the $34 price level.
Martinez still warned investors to be careful and said that the $14.2 level is important for LINK.
“Chainlink is showing signs of a bull pennant formation. A clear close above $17.2 could be the catalyst for a breakout and potentially push LINK towards $34.
However, keep an eye on the $14.2 level; “A drop below $14.2 could invalidate the current bullish outlook for LINK.”
LINK At the time of writing, it continues to trade at $15.96.
#Chainlink shows signs of a bull pennant formation. A decisive close above $17.2 could be the catalyst for a breakout, potentially propelling $LINK towards $34.
However, keep an eye on the $14.2 level – a drop below this could invalidate the current bullish outlook for #LINK. pic.twitter.com/N9e6peREPn
— Ali (@ali_charts) January 1, 2024
*This is not investment advice.
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