Ethereum, Chainlink & Bitcoin — Asian Wrap 26 September

Ethereum price trades at $1,323 on Sunday, several days after sliding to $1,200. It was a surprise that the largest smart contracts token would give up most of its gains during and after the much-publicized Merge. On-chain data shows a significant reduction in the Ethereum Supply.

Chainlink price is among the few crypto assets in the green on Sunday. The smart contacts’ price feed oracle token defied the bear market this week to post 23.7% gains. As discussed earlier in the week, the V-shaped pattern matured at LINK brushed shoulders with $8.00.

Bitcoin price consolidates at $19,000 while bulls repair its technical structure. A symmetrical triangle pattern on the eight-hour chart hints at a 10% bullish breakout to $20,915. Bitcoin price’s impending breakout could delay due to low trading volume on Sunday.

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