From Investing.com:

Chainlink (LINK) has surged 16% in just two days, driven by a spike in previously dormant wallets and increased activity within the Chainlink ecosystem. The price has breached resistance levels, reaching $15.29 and establishing new support, with potential for further growth. The next resistance lies at $18.39, and a retracement could see support at $14.29.

Meanwhile, Ethereum (ETH) is struggling to rally, with decreasing on-chain traction and volume. The price is consolidating around $2,300, facing resistance at $2,337. If it breaks through, a test of $2,450 could be possible, but the lack of volume suggests cautious market conditions. Support is at $2,193, with a breach potentially leading to a slide to $2,042.

Bitcoin (BTC) has broken through the 50-day Exponential Moving Average (EMA), indicating potential strength and a trend reversal. It is now attempting to establish a new foothold above the $42,000 mark, with a move toward the $43,500 resistance zone likely if momentum is maintained. However, fallbacks below the 50 EMA could dampen the optimistic outlook.



Read more: What Happened? Ethereum (ETH) Price Rally Lacks Backbone, Can Bitcoin (BTC) Break Through 50 EMA? By U.Today