Ethereum News Today: Ethereum Chainlink Pi Network Bullish Signals Amid Whale Accumulation

Ethereum, Chainlink, and Pi Network have recently exhibited signs of growing bullish sentiment, with on-chain activity, technical indicators, and strategic developments pointing toward potential price appreciation. A notable trend across these assets is the decline in exchange-held reserves, observed in early August 2025, which signals increased accumulation by long-term holders. This behavior is often interpreted as a sign of investor confidence and may suggest reduced circulating supply, potentially driving upward price pressures. Analysts have highlighted this dynamic, noting that large holders, including Vitalik Buterin and Sergey Nazarov, have contributed to the trend [1].

Ethereum has drawn particular attention for its post-Merge behaviors, which align with previous bullish patterns. Cold wallet security enhancements further signal a shift in investor strategy toward long-term holding. Analysts remain optimistic, with some forecasting Ethereum could reach $5,000 or more by the end of the month, provided the current trend continues [1]. On-chain data reveals whale accumulation and a significant reduction in exchange reserves, reinforcing the view that ETH holders are positioning for future price gains.

Chainlink (LINK) has also shown strong momentum, with a 44% price increase in the past week followed by consolidation near $23.35, close to its recent high. Whale activity and a rise in active addresses indicate growing confidence in the token. A strategic partnership with Intercontinental Exchange (ICE) has added further credibility to Chainlink’s on-chain services, integrating institutional-grade data into its platform. Santiment analysts have observed a decline in exchange balances, suggesting a shift toward accumulation and bullish positioning [2].

Pi Network (PI), while more speculative, is showing mixed but largely bullish signals. The token has formed a falling wedge pattern, a classic setup often associated with upward breakouts. Some analysts have cited this pattern as evidence that PI could be on the verge of a significant price move. One analyst specifically mentioned a $1 price target if the wedge pattern resolves as expected. Despite a 2% dip on August 15, Pi Network remains within a bullish channel, with forecasts suggesting a potential 30% gain from current levels [1].

A major Pi Whale has been observed accumulating approximately $134 million worth of Pi, indicating strong belief in its long-term potential. The token’s MACD is trending upward, signaling increasing bullish momentum, although its RSI remains at 47, reflecting a neutral to slightly bearish tone for now [5]. These mixed signals suggest continued volatility, but the overall trend remains supportive of a long-term bullish bias.

The accumulation behavior, strategic partnerships, and technical indicators across Ethereum, Chainlink, and Pi Network highlight a broad-based shift toward optimism among investors. While Pi Network remains more volatile, the convergence of whale activity, reduced exchange holdings, and positive technical setups suggests that all three assets are attracting renewed interest. Analysts advise cautious optimism, particularly as the market continues to monitor developments in on-chain activity and macroeconomic conditions.

Source: [1] Ethereum News Today: Cold Wallet Security Features... (https://www.ainvest.com/news/ethereum-news-today-cold-wallet-security-features-outpace-eth-pi-growth-potential-2508/)

[2] Chainlink Breakout Price: Key Patterns, Predictions, and ... (https://www.okx.com/en-us/learn/chainlink-breakout-price-key-patterns-predictions)

[3] Analyst Eyes $1 Target as Pi Network Price Forms Bullish ... (https://blockonomi.com/analyst-eyes-1-target-as-pi-network-price-forms-bullish-pattern/)

[4] Pi Network Price Drops 2% on August 15: Will the Bearish ... (https://pintu.co.id/en/news/194297-pi-network-price-update-15august2025)

[5] Major Pi Whale Accumulates $134M Amid Bullish Price ... (https://www.ainvest.com/news/major-pi-whale-accumulates-134m-bullish-price-pattern-2508/)

[6] Pi Network Price Analysis: PI consolidates in a bear ... (https://www.fxstreet.com/cryptocurrencies/news/pi-network-price-forecast-pi-eyes-channel-breakout-rally-as-chances-of-altseason-grow-202508140958)