According to CryptoMichNL, Optimism (OP) is currently exhibiting a higher timeframe bullish divergence, which is a technical signal often associated with potential upward price movement. The analysis suggests that if Ethereum (ETH) continues its breakout, OP may yield a higher beta, meaning it could outperform ETH in terms of price volatility and gains. This additional technical confirmation provides traders with actionable insights for taking long positions or increasing exposure to OP if ETH maintains its bullish momentum. Source: CryptoMichNL on Twitter, June 11, 2025.

According to Michaël van de Poppe (@CryptoMichNL), a strengthening bullish divergence has been observed on the OP chart, indicating that the price and key technical indicators, such as the RSI, are diverging more sharply. This widening gap suggests that either the price or the indicators will realign, with historical patterns often leading to a price movement upward. For traders, this is a concrete signal to monitor potential breakout levels and consider entry points for long positions, as bullish divergences have previously preceded price rallies in similar altcoins (source: @CryptoMichNL on Twitter, June 7, 2025).