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

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

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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Ripple and Stellar outlook: XRP rally cools, XLM heads toward a make-or-break support

Ripple and Stellar outlook: XRP rally cools, XLM heads toward a make-or-break support

Ripple and Stellar trade under pressure after losing over 2% and 3% so far this week. XRP and XLM are both nearing their crucial support zones, which could determine the next directional move. Meanwhile, mixed derivatives and on-chain data suggest upside potential remains limited for both altcoins. CryptoQuant’s summary data shows cautious signs for both altcoins.

Crypto Overview: Bitcoin dips below $78,000 – NEAR, ZEC sustain gains

Crypto Overview: Bitcoin dips below $78,000 – NEAR, ZEC sustain gains

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Bitcoin outperforms global assets as $83K-$86K resistance zone continues to weigh on rally

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Bitcoin has continued to recover from its mid-year weakness, outperforming major traditional assets over the past month, amid strong resistance around the $83,000 to $86,000 range. BTC gained 23% over the past 21 trading sessions, while the S&P 500 and Nasdaq 100 were broadly flat and the Euro Stoxx 50 declined, according to a Glassnode report published Wednesday.

Ethereum Price Forecast: ETH holds near $2,500 amid derivatives weakness

Ethereum Price Forecast: ETH holds near $2,500 amid derivatives weakness

Ethereum (ETH) holds steady near $2,500 on Wednesday amid weakness in derivatives and mild buying dominance in spot markets. Since the short squeeze that expanded ETH's rally toward $2,500 in late August, meaningful leverage has yet to return to support the uptrend.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.