The overall crypto market has plunged in a couple of two days as the bears have yet again taken control against the Bulls. The leading cryptocurrency, Bitcoin has lost its crucial $19,200 area, and the second largest cryptocurrency, Ethereum has also dropped below $1,300 along with Chainlink, XRP, Solana, and Cardano among others.
Meanwhile, amidst such pullback, a well-known crypto analyst is predicting a bullish stance towards Ethereum and Chainlink.
The analyst who is anonymously known as Altcoin Sherpa, informs his 184,900 followers over Twitter that Ethereum is at a crucial price trade. But he claims the currency is all set to gain 38%.
He believes Ethereum will surge to trade between $1,600 and $1,800 in the next bull run
Currently, Ethereum is changing hands at $1,297 after a fall of 2.15% over the last 24hrs.
Next, Altcoin Sherpa talks about Chainlink (LINK) where he asserts that LINK will soon move above its current narrow tradeline. He says this move will gain huge profits along with some mid-investments.
At the time of reporting, Chainlink is selling at $6.96 with a drop of 3.10% in the last 24hrs.
On a bearish note, the analyst claims a massive decline of 36% for Avalanche (AVAX) hitting a target of $10. Hence he suggests not buying AVAX for now.
At the moment, Avalanche is selling at $15.52 with a decline of 3.43% over the last 24hrs
Reserve Rights (RSR)
The last currency that the strategist talks about is the Reserve Rights Token (RSR), which was created to support the stability of its stablecoin, Reserve Token (RSV). As per the analyst, RSR is set to move upwards hitting a target of $0.0077.
At the time of publication, RSR has plunged by 6.70% over the last 24hrs and is trading at $0.00636