Ethereum price started a downside correction below the $4,350 zone. ETH is 
still showing some bearish signs and might decline toward the $4,020 support 
zone. Ethereum started a fresh decline below the $4,350 and $4,220 levels. The 
price is trading below $4,350 and the 100-hourly Simple Moving Average. There 
is a bearish trend line forming with resistance at $4,350 on the hourly chart 
of ETH/USD (data feed via Kraken). The pair could continue to move down if it 
settles below the $4,120 zone in the near term. Ethereum Price Dips Further 
Ethereum price failed to recover and started a fresh decline below the $4,550 
zone, like Bitcoin. ETH price gained bearish momentum and traded below the 
$4,350 support zone. The bears were able to push the price below the $4,250 
support zone. Finally, the price tested the $4,065 zone. A low was formed at 
$4,065 and the price is now consolidating losses below the 23.6% Fib 
retracement level of the recent decline from the $4,580 swing high to the 
$4,065 low. Ethereum price is now trading below $4,250 and the 100-hourly 
Simple Moving Average. On the upside, the price could face resistance near the 
$4,185 level. The next key resistance is near the $4,320 level. It is close to 
the 50% Fib retracement level of the recent decline from the $4,580 swing high 
to the $4,065 low. The first major resistance is near the $4,350 level. There 
is also a bearish trend line forming with resistance at $4,350 on the hourly 
chart of ETH/USD. A clear move above the $4,350 resistance might send the 
price toward the $4,385 resistance. An upside break above the $4,385 
resistance might call for more gains in the coming sessions. In the stated 
case, Ether could rise toward the $4,500 resistance zone or even $4,550 in the 
near term. More Downside In ETH? If Ethereum fails to clear the $4,320 
resistance, it could continue to move down. Initial support on the downside is 
near the $4,065 level. The first major support sits near the $4,020 zone. A 
clear move below the $4,020 support might push the price toward the $4,000 
support. Any more losses might send the price toward the $3,850 support level 
in the near term. The next key support sits at $3,620. Technical Indicators 
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. 
Hourly RSI &#8211; The RSI for ETH/USD is now below the 50 zone. Major Support Level 
– $4,020 Major Resistance Level – $4,350

Ethereum Price Extends Losses – Is a Bigger Correction Underway?

Chainlink (LINK) has surged nearly 15% in the past week, breaking through a 
long-standing resistance zone between $25 and $26. Related Reading: Bitcoin 
Poised For 10x Surge? Analyst Points To Gold’s Playbook At the time of 
writing, LINK trades around $24.2, marking its highest level in seven months. 
The move came with strong trading volume, confirming a bullish breakout above 
the 200-day moving average. Whale accumulation has played a pivotal role in 
fueling the rally. On-chain data reveals that large holders scooped up 1.1 
million LINK, valued at approximately $27 million, mover the past seven days. 
The top 100 wallets also increased their holdings by more than 12%, signaling 
renewed confidence from institutional and high-net-worth investors. LINK 
Wallet Growth Hits 2025 Highs Beyond whale activity, organic network growth 
has also surged. Analytics firm Santiment reported that nearly 9,600 new LINK 
wallets were created in mid-August, while daily transfers from active 
addresses exceeded 9,800, both setting records for 2025. Wallet creation and 
transaction spikes are widely viewed as indicators of healthy adoption. For 
Chainlink, these metrics suggest that both retail and institutional demand are 
rising in tandem, potentially supporting more sustainable price growth. The 
renewed activity also coincides with the launch of the Chainlink Reserve, a 
smart contract treasury absorbing tokens from enterprise integrations, which 
adds deflationary pressure on circulating supply. LINK&#8217;s price trends to the 
downside on the daily chart. Source: LINKUSD on Tradingview RWA Growth and $30 
Target Chainlink in Focus Chainlink (LINK)’s expanding footprint in the real- 
world asset (RWA) sector is further driving optimism. The project recently 
introduced new ETF and equities data feeds, strengthening its narrative as a 
bridge between traditional finance and blockchain. Partnerships with giants 
like Intercontinental Exchange and SWIFT continue to reinforce its 
institutional relevance. Analysts now see $29–$30 as the next major resistance 
zone. A retest of $20 remains possible if sentiment weakens, but bullish 
traders argue the momentum is unlikely to fade quickly. Some forecasts even 
extend mid-term targets to $33–$38, with long-term projections stretching 
toward $57 and beyond if adoption accelerates. Related Reading: Crypto Braces 
For Impact As JPow’s Jackson Hole Speech Looms As Chainlink cements itself as 
the leading oracle provider and expands its role in tokenized markets, 
investors are asking the key question: Is $30 just the beginning of LINK’s 
next major bull run? Cover image from ChatGPT, LINKUSD chart from Tradingview

Chainlink Surges to 7-Month High on Wallet Growth: Is $30 Be Just the Beginning?

Bitcoin price is gaining pace below $115,500. BTC is still showing bearish 
signs and remains at risk of more losses below the $112,000 zone. Bitcoin 
started a fresh decline below the $116,500 zone. The price is trading below 
$115,500 and the 100 hourly Simple moving average. There is a key bearish 
trend line forming with resistance at $115,400 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might start another increase if 
it clears the $115,500 resistance zone. Bitcoin Price Dips Further Bitcoin 
price started a fresh decline after a close below the $118,000 level. BTC 
gained bearish momentum and traded below the $116,500 support zone. There was 
a move below the $115,500 support zone and the 100 hourly Simple moving 
average. The pair tested the $112,500 zone. A low was formed at $112,610 and 
the price is now consolidating below the 23.6% Fib retracement level of the 
recent decline from the $124,420 swing high to the $112,610 low. Bitcoin is 
now trading below $116,000 and the 100 hourly Simple moving average. Immediate 
resistance on the upside is near the $114,200 level. The first key resistance 
is near the $115,000 level. There is also a key bearish trend line forming 
with resistance at $115,400 on the hourly chart of the BTC/USD pair. The next 
resistance could be $115,500. A close above the $115,500 resistance might send 
the price further higher. In the stated case, the price could rise and test 
the $118,500 resistance level. It is close to the 50% Fib retracement level of 
the recent decline from the $124,420 swing high to the $112,610 low. Any more 
gains might send the price toward the $120,000 level. The main target could be 
$121,500. More Losses In BTC? If Bitcoin fails to rise above the $115,000 
resistance zone, it could start a fresh decline. Immediate support is near the 
$112,500 level. The first major support is near the $112,000 level. The next 
support is now near the $110,500 zone. Any more losses might send the price 
toward the $110,000 support in the near term. The main support sits at 
$108,000, below which BTC might take a major hit. Technical indicators: Hourly 
MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative 
Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support 
Levels – $112,500, followed by $110,500. Major Resistance Levels – $115,000 
and $115,500.

Bitcoin Extends Slide as Bears Tighten Grip on Price Action

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Bitcoin (BTC) has once again slipped under the $120,000 price mark, retracing 
after reaching a new all-time high above $124,000 last week. As of the latest 
market data, BTC is trading around $115,557, down 2.5% in the past 24 hours 
and nearly 7% below its peak. This price movement suggests that the asset is 
currently consolidating after its recent rally, leaving market participants 
watching closely for the next directional move. Meanwhile, analysts are 
turning to on-chain data for signals on Bitcoin’s potential trajectory. One 
such perspective comes from PelinayPA, a contributor to CryptoQuant’s 
QuickTake platform, who examined long-term holder (LTH) behavior using a set 
of profit and loss metrics. The findings highlight that while profit-taking 
has begun, current selling levels remain below historical extremes seen in 
past bull market peaks. Related Reading: Bitcoin, XRP, ETH’s Pullback: Key 
Factors Behind The Recent Drop Tracking Long-Term Holder Signals According to 
PelinayPA, the LTH analysis uses several indicators to measure the 
relationship between Bitcoin’s price and the cost basis of long-term holders. 
Profit and loss bands, ranging from 150% to 1,000% above cost basis, help 
determine when Bitcoin enters zones historically associated with a higher risk 
of market tops. When BTC approaches the +500% band, it has often coincided 
with heightened selling activity and eventual cycle peaks. The analysis also 
incorporates a Spending Binary Indicator, which reflects the intensity of LTH 
selling, alongside “High Spending” signals that typically emerge near market 
tops and “Bottom Alerts” that occur during deep corrections. Reviewing past 
cycles, PelinayPA pointed to 2017 and 2021, where bear market downturns 
followed heavy long-term holder selling, while the 2022–2023 bottom was marked 
by multiple loss realization alerts around the $15,000–$20,000 range. 
Currently, Bitcoin sits within the 150%–350% profit band, leaving potential 
room for further growth, though the risk of a market top rises as the asset 
approaches the higher bands. The analyst noted that while green profit-taking 
bars are visible today, they remain well below the levels observed in earlier 
cycle peaks. Bitcoin Market Outlook: Short, Mid, and Long Term In outlining 
the potential scenarios, PelinayPA suggested that Bitcoin may remain range- 
bound in the short term, as controlled profit-taking by long-term holders 
limits upside momentum. However, if accumulation and broader demand continue, 
the price could advance into the $124,000–$178,000 range, corresponding to the 
higher profit thresholds on the LTH model. For the mid-term outlook, extending 
into late 2025, the analyst cautioned that if long-term holder selling 
intensifies like in 2021, Bitcoin could be nearing a cycle top. In such a 
scenario, the asset might peak above $150,000 before the next major 
correction. Looking ahead to 2026, the absence of new bottom alerts suggests 
that the market is still within the later stages of the ongoing bull cycle, 
rather than transitioning into a confirmed bear market. Featured image created 
with DALL-E, Chart from TradingView

Cryptocurrency price in SGD