Ethereum price forecast: Ether eyes $4k as whales open long positions

Key takeaways

  • ETH is up 3% in the last 24 hours and is now trading above $3,100.
  • Whales are optimistic of a price surge in the near term.

Whales open bullish positions on Ether

Ether, the second-largest cryptocurrency by market cap, is up 3% in the last 24 hours and is now trading above $3,100 per coin. The rally comes as the broader cryptocurrency market recovered from the slight dip on Sunday.

In addition to that, Ethereum whales are opening long positions as they are optimistic that Ether’s price will surge higher in the near to medium term. The whales are optimistic of a price surge thanks to the upcoming Fed rate decision on Wednesday, with the apex bank expected to reduce its borrowing benchmark by 25 basis points. 

Data obtained from Lookonchain reveals that three whales have opened long positions, totaling 136,433 ETH, worth about $425.98 million.

One whale, BitcoinOG (1011short), has a long position of $169 million in ETH, while Anti-CZ opened another position worth $194 million. The third whale, pension-usdt.eth, opened a long position of 20,000 ETH, worth approximately $62.5 million at current rates.

In addition to these three, other whales have also opened long positions on Ether, with many of them predicting that the cryptocurrency’s price could rally to $4k in the near to medium term. 

Furthermore, BitMine continues to add more Ether tokens to its treasury. Last week, the company added $199 million more ETH, bringing its total holdings to 3.73 million ETH ($13.3 billion), making it the largest corporate holder of ETH. 

Ether could surge to $4k amid growing demand

The ETH/USD 4-hour chart has flipped bullish and efficient as Ether has reclaimed the $3,100 mark at press time, ETYH is trading above $4,100, and could rally higher if the bullish trend continues.

The momentum indicators are bullish, suggesting that buyers are currently in control. The RSI of 62 shows that ETH is currently bullish and could enter the overbought region if the recovery continues. The MACD lines are also within the positive territory, reinforcing the bullish bias.

ETH/USD 4H Chart

If the recovery continues, ETH could surge past Thursday’s high at $3,240 with a decisive close, with the next resistance level at the 200-day EMA at $3,459. However, failure to overcome the $3,240 resistance could see Ether drop below $3,000 and retest the November 21 low of $2,623.

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Internet Computer (ICP) crashes to $3.50 as AI hype fades and market pressure mounts

  • Internet Computer (ICP) price has dropped 6% in the past 24 hours to under $3.50.
  • Recently, the altcoin pumped from lows of $2.80 to above $9.62.
  • Overall market weakness could see ICP price tank further, although an uptick for Bitcoin will boost altcoins.
The Internet Computer (ICP) token has endured a sharp downturn in the past month, culminating in a 24-hour dip of over 6% as the price broke below $3.50.

Losses for Internet Computer come amid a 29% decrease in trading volume, suggesting bulls could benefit from reduced selling pressure.

However, with ICP briefly rallying on hype around AI integrations like the Caffeine platform, only to reverse course, it may yet allow bears to strengthen the upper hand.

Internet Computer price slips to $3.50

The ICP project, launched by the DFINITY Foundation, is one of the top artificial intelligence-related coins.

DFINITY aims to revolutionize the internet by enabling fully on-chain applications, from decentralized finance to AI-driven services, without reliance on traditional cloud providers.

In early November, the DFINITY Foundation unveiled an update for its AI platform Caffeine DeAI.

The news saw the price of ICP surge sharply, with bulls eventually hitting highs of $9.62 on Nov. 8, 2025.

ICP Price Chart
Internet Computer price chart by TradingView

The uptick aligned with market cheer for an update that pushed the narrative of the Internet Computer as a key AI cloud engine.

As well as allowing users to create and deploy apps easily, Caffeine features an App Market and supports monetization.

DFINITY said Caffeine will help drive network usage and transition ICP to a deflationary asset, among other features.

However, the token’s price has tumbled since that November peak and hit $3.50 on December 5, 2025. That’s a 64% dump in the past month and reflects broader market pressure.

What could catalyze short-term losses for ICP?

Market analysts have attributed the sell-off pressure across crypto to a confluence of factors.

As well as macroeconomic headwinds, FUD around Tether and Strategy (MSTR) has dampened risk appetite for Bitcoin (BTC) and the speculative assets across altcoins.

These same aspects apply to ICP and the dip to $3.50, with intraday revisits of lower levels, strengthening the fragile outlook.

Adding to this is the overall sentiment around token dumps if BTC price tanks.

Recently, when Bitcoin dipped to near $80,000, the Internet Computer token plummeted from above $5 to below $4.2.

Price currently hovers around $3.51 as Bitcoin flirts with support near $90,500. If momentum escapes bulls further, sellers could eye the all-time lows of $1.98 reached in October 2025.

On the flipside, the altcoin could benefit from network upgrades and adoption trends.

This, amid a resurgence in AI tokens and tokenized Bitcoin demand, may help buyers. A shift in sentiment as the macro environment improves will be crucial to bulls.

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Chainlink partners with Coinbase on Base–Solana bridge as LINK targets new breakout levels

  • Chainlink price hovered near $14, down 2% in the past 24 hours.
  • LINK remained under pressure despite two key integrations on Solana.
  • Coinbase and Chainlink have launched a Base-Solana bridge.

Chainlink continues to play a key role in the blockchain interoperability and asset tokenisation space, and that shows in the two latest integrations.

As a pivotal oracle network bridging decentralised finance (DeFi) with traditional systems, Chainlink’s traction is forecast to be a major factor for the native token LINK.

On December 5, 2025, LINK traded around $14.

Bulls were under pressure but remained upbeat amid recent advancements. Among these is the collaboration with Coinbase on the Base-Solana bridge and the integration into a Solana-based RWA consortium.

Chainlink and Coinbase to power Base-Solana bridge

Three major industry players here: Coinbase, Chainlink and Solana. Industry reaction to their latest collaboration highlights the potential impact.

Simply, the launch of the Base-Solana bridge marks a significant milestone in multi-chain connectivity. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) serves as the security backbone alongside Coinbase’s node operators.

As announced, this mainnet deployment enables seamless asset transfers between Base and Solana.

CCIP will help verify all messages, ensuring tamper-proof and reliable token movements on Solana. In this case, users can now deposit SOL into Base applications, import any Solana Program Library (SPL) token, and export Base assets back to Solana.

“The bridge is now live on mainnet and rolling out for anyone to use in apps including Zora, Aerodrome, Virtuals, Flaunch, and Relay,’ Base said in a blog post. “Users will be able to trade SOL, CHILLHOUSE, TRENCHER, and many more Solana assets on Base.”

Chainlink joins RWA initiative on Solana

Another major development is news that Chainlink has joined the newly formed RWA Consortium on Solana. The initiative, led by Figure Technology Solutions in partnership with Kamino Finance, CASH, Raydium, Privy, and Gauntlet, was announced on December 4, 2025.

Experts say real-world assets onchain value will grow exponentially in the next five years.

Early adoption has virtually every RWA now onchain and Solana plays a key role in this space. Chainlink too.

The new alliance aims to democratize access to over $1 billion in monthly onchain loan originations. First to deploy is PRIME,  a liquid staking token on the Hastra liquidity protocol.

“We’re democratizing access to institutional lending markets,” said Mike Cagney, founder and executive chairman of Figure. “For the first time, a DeFi user with $100 can participate in the same loan pools as major financial institutions, earning yields from real lending activity with full transparency and instant liquidity.”

LINK price forecast

Chainlink’s oracle infrastructure is central to this goal. Its technology will connect Solana’s developer-friendly environment with Figure’s $19 billion in tokenized loan originations.

These initiatives could further catalyse price appreciation for both LINK and SOL.

At the time of writing, LINK changed hands at $14 while Solana price hovered at $136. If prices rise further, the main short-term target will be highs above $26, last seen in August. SOL bulls will eye $200.

Other bullish catalysts will include crypto ETFs, regulatory clarity and a flip in global macroeconomic outlook.

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PI could drop below $0.22 amid a strong bearish trend: Check forecast

Key takeaways

  • PI is down 2% in the last 24 hours and could drop below $0.22 if the bearish trend continues.
  • The technical outlook indicates short-term risk.

PI could dip lower amid poor technicals

Pi Network (PI) has been underperforming over the past three days and risks dropping below a critical support trendline. The on-chain data indicates an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows. 

Data obtained from PiScan reveals that user deposits over Pi Network’s Know Your Business (KYB)-verified CEXs totaled 2.75 million PI tokens in the last 24 hours. The deposit is far greater than the withdrawals of 1.76 million tokens. Thus, indicating a daily net inflow of CEXs, suggesting that investors might be selling some of their stash. 

 Will Pi Network drop below the $0.22 support line?

The PI/USD 4-hour chart is bearish and efficient as PI has lost 2% of its value in the last 24 hours. The cryptocurrency is retracing toward a local support trendline formed from the October 22 and November 4 lows. 

At press time, PI is trading at $0.2267, with a bearish trend currently in play. The technical indicators are bearish, suggesting further downward movement. The RSI of 37 shows that PI is heading into the oversold region if the trend continues. The MACD lines are also within the bearish region.

PI/USD 4H Chart

If the trend persists, PI could decline below the Monday low of $0.2204, with another major support just around the $0.1919 region. 

However, if the bulls regain control, PI could reclaim last week’s high at $0.2841. An extended bullish run would allow PI to eye the August 1 low at $0.3220.

However, the current market conditions remain bearish, with PI expected to underperform over the next few days.

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Italy orders non-compliant VASPs to exit as MiCAR rules kick in

  • Consob has urged VASPs to secure CASP approval or shut down by December 30, 2025.
  • This comes as the deadline for transitioning to new MiCAR policies approaches.
  • Unauthorised operators will halt their services and return user assets.

Italy’s financial regulator Consob has issued an urgent call to digital assets investors and operators as the nation moves closer to adopting MiCAR policies.

According to the late yesterday press release, Consob emphasised December 30, 2025, as the last day VASPs (Virtual Asset Service Providers) operating under the existing regime will be able to serve without full approval.

Consob has warned that operators who fail to follow this transition risk a ban.

Thus, any VASP operating in Italy should adhere to the EU’s Markets in Crypto-Assets Regulation or exit the marketplace.

The press release highlighted:

30 December 2025 is the last day on which Virtual Asset Service Providers (VASPs, operators currently offering virtual asset services, such as cryptocurrency exchanges) registered with the OAM (the Organismo Agenti e Mediatori, or Agents and Brokers Organisation) can continue to operate.

MiCAR resets Italy’s regulatory rulebook

Italian regulators have only wanted VASPs to secure the OAM (Organismo Agenti e Mediatori) certificate to operate seamlessly over the years.

Meanwhile, MiCAR brings tougher rules, with only fully licensed Crypto-Asset Service Providers (CASPs) permitted to serve the European Union.

Meanwhile, the authorisation procedure involves operational checks, client protection requirements, supervisory controls, and existing monitoring. That’s far stricter than the previous model.

Consob stressed that VASPs will only operate if they apply for CASP certification in Italy or any other European Union Member State by December 30.

Operators who submit applications by this deadline can keep offering services until the final decision, but all entities should adhere to MiCAR by June 30, 2026.

What’s next for investors?

Consob has warned both operators and day-to-day cryptocurrency users.

Investors should promptly confirm whether their desired service provider plans to adhere to the new policies and requirements.

Here, they can monitor two crucial things.

First and foremost, investors should check whether the operator has published its MiCAR transition plans.

Secondly, investors should verify the provider’s regulatory status after the deadline.

VASPs that don’t apply or fail to secure approval will not operate in Italy after December 30, and customers can request a return of their assets upon such developments.

Meanwhile, Consob confirmed warning operators multiple times during the transition phase, highlighting updates in September last year, July 2025, and the October 31 notice to companies still holding only the OAM certificate.

While some operators view MiCAR as the pathway for regulated, international operations, others consider the new regulation as the end of the road.

Meanwhile, digital assets investors should stay alert, check the provider’s regulatory status, and act before the new MiCAR regulations lock them out or pressure them with last-minute withdrawals.

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