Cryptocurrency analysis firm Alphractal CEO Joao Wedson shared his latest predictions for Ethereum (ETH), Chainlink (LINK), and Cardano (ADA). Wedson used a blend of on-chain metrics, technical analysis, buy/sell pressure delta data, and aggregate liquidation levels to build his expectations. ➡️
**Ethereum (ETH):** Wedson highlighted strong bullish sentiment fueled by MVRV points signaling speculation. The Buy/Sell Pressure Delta turned red for ETH, indicating a historically low point, potentially hinting at an already established short-term bottom. He further notes that the Liquidation Levels suggest price could rally to $4,800 if breached, and moving averages support this, remaining above key levels. ⬆️
**Cardano (ADA):** Wedson acknowledges a strong position for Cardano despite less speculative buzz compared to ETH. His analysis suggests a solid base forming based on Liquidation Levels and Buy/Sell Pressure Delta data, potentially leading to price increases if optimism returns to the market. If ADA’s 720-day MA support holds, it could see a quick surge towards $1. 📈
**Chainlink (LINK):** Wedson notes positive on-chain MVRV but weak compared to other uptrends. The analyst suggests an influx of new capital is needed to reignite interest in LINK. Despite selling pressure, the Buy/Sell Pressure Delta remains negative, signaling a potential bottom. He highlights major moving averages reliably tracking LINK’s price fluctuations since 2024, each instance marked as excellent accumulation opportunities if the price drops below these levels. 👍
The analyst observes that LINK, like ADA, has recently stayed above its 720-day MA, which shows a positive sign. A move above $25 in LINK could boost investor confidence and rekindle upward trends.