Ethereum News Today: Chainlink Eyes $100 Breakout as Whale Accumulation Rises 4.2% in Week

The cryptocurrency market is showing signs of renewed momentum as key players like Chainlink (LINK), Cardano (ADA), and Starknet (STRK) experience significant on-chain activity and price movement. Chainlink has recently broken through a long-standing resistance range between $20 and $22, triggering bullish technical signals. Whale accumulation has accelerated, with large holders accumulating between 100,000 and 1 million LINK tokens, rising by 4.2% in a single week. This kind of accumulation pattern historically has led to major price surges. Analysts are now looking at potential price targets at $35, $50, and even $100 if the current breakout level holds [1].

The fundamental outlook for Chainlink is also strengthening, particularly with the development of its Cross-Chain Interoperability Protocol (CCIP), which is expected to support broader adoption and real-world asset tokenization [1].

Meanwhile, Cardano (ADA) is showing strong technical indicators. The token is currently trading near $0.72, just below a critical Fibonacci retracement level similar to its 2020–2021 bull run. Analyst Ali Martinez has drawn comparisons between the current setup and the previous cycle, where ADA rose 32x from $0.0944 to over $3. Based on the current Fibonacci projections, the token could potentially move toward $3.09, $4.19, and even $6.25 in a highly bullish scenario. The deployment of over 300,000 smart contracts and a “cup and handle” pattern observed by some analysts further supports the case for a breakout in the coming months [1].

Lido (LDO) has experienced a 36% weekly gain, reaching $1.17, amid recent internal restructuring. The team has announced workforce reductions in core departments to improve long-term sustainability. The protocol is also advancing with its v3 upgrade, introducing modular “stVaults” to enhance staking flexibility [1].

StarkNet (STRK) is witnessing unprecedented inflows, setting new benchmarks for Ethereum Layer 2 adoption. The network has been attracting capital due to its ZK-Rollup architecture and the SN Stack, which allows developers to build customizable chains with Ethereum-grade security. STRK’s expanding utility, including transaction fees, governance, and upcoming staking, has further reinforced its position as a leading scalability solution. Over 700 million STRK tokens have been distributed through the Starknet Provisions program, supporting decentralization and ecosystem growth [1].

The broader altcoin market remains mixed, with some tokens like Avalanche (AVAX) showing both bullish and bearish signals. Despite this volatility, institutional interest and growing real-world asset integration are contributing to a generally positive trend for certain projects. The Fear and Greed Index for AVAX remains neutral, indicating no strong bias toward fear or greed [1].

Technical indicators for both Chainlink and Cardano suggest that the current upward momentum could continue, especially if key resistance levels are maintained. However, the crypto market is inherently volatile, and sudden corrections remain a risk. Investors are advised to closely monitor on-chain activity and macroeconomic developments [1].

The capital inflows into StarkNet highlight a broader trend toward Ethereum-based Layer 2 solutions, driven by the need for higher throughput and lower fees. This shift aligns with the growing demand for scalability in DeFi and NFT protocols and may indicate a long-term reallocation of capital within the crypto ecosystem [1].

Source: [1] Chainlink (LINK) Eyes $100 Breakout — ADA & Lido Rally While StarkNet Sees Record Inflows This Week (https://en.bitcoinsistemi.com/chainlink-link-eyes-100-breakout-ada-lido-rally-while-starknet-sees-record-inflows-this-week/)