Ethereum News Today: Ethereum Surges 15% Since July, Eyes $3,300 Mark SUI Rises 20% on DeFi Activity, Targets $5 BlockDAG Presale Raises $340 Million, Coin Price Jumps 2,660%

Ethereum has maintained a strong position above $2,970 following a week of solid gains. The cryptocurrency briefly reached $3,074 on July 15 before experiencing a slight pullback, indicating a potential pause. Despite this minor setback, Ethereum has seen a more than 15% increase since early July and remains above a crucial support level near $2,945. Experts are closely monitoring the $3,060 to $3,100 range, as a clear break above this zone could propel Ethereum toward $3,300 or higher. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest there is room for further upward movement if buyers re-enter the market. This momentum is partly driven by growing institutional interest, particularly after a recent surge in spot ETH ETF assets.

SUI has also gained significant momentum, rising nearly 20% since mid-July to reach approximately $3.94. This surge followed a break through the $3.89 resistance level, paving the way for a potential move toward the $4.30 to $5.00 range. The rally is largely attributed to increased DeFi activity on the Sui Network, with the total value locked now exceeding $2.2 billion. Projects like NAVI and Cetus have played a pivotal role in attracting more users and liquidity. Technical indicators also support this upward trend, with the RSI showing strong momentum in the overbought zone and the MACD remaining bullish. If this trend continues, SUI could soon challenge the $5 mark, positioning it as one of the top performers in the current market rally.

BlockDAG, on the other hand, is gaining strength not just in price but also in its foundational aspects. With a $340 million presale, a unique Buyer Battles feature, and a growing list of global partners, BlockDAG is positioning itself as a top player in the market. The Buyer Battles feature, where 50 million BDAG coins are given out daily to reward the top buyers, has created a competitive and engaging community environment. This has not only increased daily trading activity but also fostered a closer-knit community. Over 23.8 billion BDAG coins have been sold, raising $340 million, and the coin price has surged by 2,660% from the initial batch price of $0.001 to the current price of $0.0276. BlockDAG is currently offering a special limited-time price of $0.0016, providing new buyers with a rare opportunity to join near the early price and potentially boost their returns. With the GLOBAL LAUNCH release scheduled for August 11, BlockDAG continues to attract new buyers and maintain high levels of excitement within the community. The project's steady rewards, strong presale results, and active community support position it as one of the most promising cryptocurrencies of the year.