Cryptocurrency investors have reached a significant milestone in the past 24 hours as ETH ETFs are approved, potentially setting the stage for a bullish phase for altcoins. For instance, LINK Coin's price has exceeded $17 once again, aiming for new highs. The question arises on how far it could climb based on current data.

Chainlink (LINK) Assessment

In the recent trading period, LINK Coin bulls tested the Ichimoku Cloud ceiling. Despite a slight rejection at $17.41, buyers emerged above $17.27, indicating a favorable scenario. Breaking the strong resistance level at the peak point is crucial for the next phase of the rally.

So, in the absence of a new upward movement, what levels might LINK Coin price explore? In such a scenario, Fibonacci support zones will play a role, with significant support at $16.41. Below this, targets lie at $15.52 and $14.09, where maintaining a bullish perspective in the medium term is crucial.

LINK Coin Price Analysis

Evaluation of the daily chart against BTC reveals LINK Coin entering the Ichimoku Cloud, gearing up for an upward trajectory. A price ascending within this indicator often signals substantial advancements. Moreover, mirroring the USDT pair, this occurrence in the BTC pair hints at positive divergence potential.

If BTC and LINK Coin sustain their robust position, the leading cryptocurrency targeting 73,000 could propel LINK Coin to $19. The upsurge in network's daily active addresses and volume resurgence indicate that LINK Coin's ascent is backed by more than just speculative trends.

Bitcoin's price stands at $67,200 presently, while ETH dipped to $3,688 post-approval. Following BTC ETF approval, queries arose on the initiation of the surge, echoing similar sentiments if the next phase is delayed. Nevertheless, the overall cryptocurrency outlook, coupled with increasing US acceptance and legitimization, is at an all-time high.