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ETH and LINK Coin are drawing attention with their recent price increases. They are among the favorite altcoins in the medium to long term. One is a leader in smart contracts, and the other launched CCIP even before RWA became popular. So, what are the short and medium-term price predictions? What awaits investors?
Ethereum (ETH)
The largest altcoin by market value, ETH, is now waiting for the SEC to clarify the date for spot ETF listings. After the initial approvals, the 8 applications will officially be allowed to list once they complete the S-1 Form regulations. Ahead of the upcoming US elections, Democrats, who have softened their stance on crypto, are saying very different things compared to last year.
Turning to the ETH price, the rise from the 20-day EMA ($3,452) and the RSI in the overbought zone look promising for more. Buyers will try to keep the price in the range of $3,950 to $4,100. Indeed, at the time of writing, the ETH price is finding buyers at $3,900.
If the bulls surpass $3,950 and $4,100, the next target will be $4,868. This will allow the altcoin king, which has been weak against BTC and lingering at lows in the ETHBTC pair, to run towards new records. Simultaneously, confidence in altcoins will also increase.
The bears aim to break through the 20-day EMA, where the rise started, with closes below $3,730. For now, this possibility is weak.
Chainlink (LINK)
Chainlink has been lingering in the $17.32 resistance area for the past three days. At the time of writing, the price is exactly in this region. The rising 20-day EMA ($15.96) and the RSI in the positive zone indicate that the bulls are more eager for upward targets.
The strong potential in the RWA area can help medium and long-term investors avoid early profit-taking.
However, if the LINK Coin price starts to close below resistance and decline, the targeted area will be the 20-day EMA and the 50-day SMA ($14.95). The first upward targets are $18.68 and $20. ETH price attempts at $3,950 could also encourage LINK Coin bulls.
