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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Chainlink – American Wrap 03 December

Ethereum Price Forecast: Investors purchased $1.2 billion of ETH as key pattern suggest rally toward $4,868

Ethereum (ETH) is down 1% on Tuesday despite heavy accumulation across spot exchanges and investment products. The number one altcoin could rally to tackle its all-time high resistance of $4,868 if it maintains a rounded bottom patern and overcomes a key trendline resistance.

ETH Exchange Reserve

Bitcoin Price Forecast: BTC trades around $95,900 as US government funds weigh in

Bitcoin (BTC) price hovers around $95,900 on Tuesday following a mild correction the previous day. Market sentiment turned cautious after the United States (US) government transferred 10,000 BTC worth $962.88 million from a Silk Road-seized wallet to Coinbase Prime. Gemini’s Head of US OTC Trading, Olivier Mammet, outlines potential short-to-medium-term price influences.

BTC/USDT daily chart

Chainlink holds near three-year high fueled by EU tokenized securities partnership

Chainlink (LINK) price trades slightly down around $25.50 on Tuesday following a 33% rally that was spurred by its partnership with Frankfurt-based fintech 21X for Europe’s first tokenized securities trading and settlement system. The technical outlook and on-chain metrics suggest further gains ahead, as LINK’s daily trading volume and the number of active addresses reach record levels.

Chainlink’s daily active addresses chart. Source: Santiment
 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Pi Network Price Forecast: PI risks another lower leg as the broader crypto market slips

Pi Network is trading in the red on Thursday, retreating toward a near-term support around $0.0740. The Fear and Greed Index declines to 43 on Thursday, while total liquidations exceed $350 million over the last 24 hours, suggesting a deterioration in investors' risk appetite and a sell-side bias. The technical outlook for PI is bearish, with selling pressure building.

Ripple and Stellar outlook: XRP and XLM lose ground as hawkish Fed tone weighs

Ripple and Stellar remain under pressure on Thursday as bearish derivatives positioning and on-chain signals weigh on sentiment. XRP slides toward key support at $1.30, while XLM gives back some of its recent gains. Meanwhile, the Federal Reserve held interest rates unchanged at 3.75%-4.00% at its two-day October policy meeting.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies
Cardano (ADA) faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve (Fed) decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.