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Ethereum: Holding Above $2400 Could Be the Turning Point
- Ethereum’s price is holding above the significant $2400 level, potentially indicating a bullish trend.
- A move to $2500 and above is possible if ETH can maintain its position.
- Bearish trend formation suggests a potential downside move.
- Recent developments, such as Solana’s outage and the Godaddy-ENS partnership, could provide positive momentum for ETH.
Solana: Further Upside Potential
- Jacob predicts further upside movement for Solana (SOL).
- Oscillator movement suggests a bullish formation for SOL.
- SOL’s resilience during the recent network outage is impressive.
- Increased activity on the Solana network may have contributed to the outage.
- Network congestion is seen as a positive sign of active projects.
Chainlink: Potential to Reach $20
- Jacob expresses bullish sentiment for Chainlink (LINK).
- LINK has the potential to reach $20 relatively easily.
- Caution is advised due to the possibility of a retracement before further gains.
- LINK has experienced a slight dip in the last 24 hours.
