Ethereum Faces 15% Drop Amid Stock Market Weakness, XRP Struggles Below $2.10, BlockDAG Presale Raises $212M

Generated by AI AgentCoin World
Saturday, Apr 5, 2025 1:43 pm ET2min read

Ethereum (ETH) and XRP are currently facing significant challenges in the cryptocurrency market. Ethereum's price is expected to decline further due to weakness in stock markets, with analysts warning of a potential drop below $1,100. This downward trend is attributed to ongoing pressure in the S&P 500 and broader economic factors such as trade tariffs and inflation updates. Market analyst Benjamin CowenCWEN-- suggests that if traditional stocks remain weak through April, ETH might drop close to its longer-term logarithmic support, possibly hitting $1,044. This analysis builds on earlier observations of ETH failing to cross key resistance zones, hinting at a triple top formation on the weekly chart. Despite the potential for ETH to eventually reclaim the $3,000 area, a near-term dip seems more probable, with market participants waiting for April’s financial reports to confirm the drop before any meaningful climb occurs.

XRP, on the other hand, is struggling to hold above the $2.10 level, moving between possible lows of $1.79 and brief rallies toward $3.00. Technical analysis reveals that XRP has been rejected at $2.23 and touched a low of $1.98 during the week, falling past multiple support zones, including a short-term triangle at $2.08. The price remains under the 100-hour SMA, and with MACD indicators still negative, short-term market confidence is low. Analyst Egrag believes XRP could drop as low as $1.79–$1.90 before making a sharp upward move to $3.00. He describes the current range as a “boredom phase,” where disinterest is high, just before a breakout could begin. With both ends of the range potentially tested this month, XRP technical analysis points to sharp moves ahead for those who remain patient.

Amidst the volatility in Ethereum and XRP, attention is quickly shifting to BlockDAG (BDAG), currently the most talked-about crypto. For a limited 24-hour period, BlockDAG is offering its BDAG7X Bonus, which gives every buyer a 7X increase in coin quantity—elevating even small purchases significantly. This two-day opening is quickly closing, and once it’s gone, so is the chance to massively grow your crypto holdings. BlockDAG is now offering one of the strongest presale deals to date—but the BDAG7X offer will only be available for one more day. With this code, buyers can multiply their BDAG coins by 7X for every dollar spent, making it the most impactful presale moment yet. For those still undecided, this is the last phase where hesitation could lead to missing out. Once this countdown finishes, the high multiplier and the chance to boost your stash disappear with it.

The presale has already raised over $212 million, selling more than 19.2 billion BDAG coins over 27 batches. Prices rise with each new batch, and BDAG is currently priced at $0.0248. The team has confirmed that BlockDAG will be listed on 10 large centralized exchanges in 2025, with its mainnet also launching in the same year. This sets the stage for early participants to prepare for a major shift. What’s fueling BlockDAG’s current momentum is its hybrid setup that blends the security of Proof-of-Work with the fast speeds of Directed Acyclic Graphs. This supports fast processing with minimal fees while keeping it fully decentralized. On top of that, BlockDAG’s X1 miner app, its testnet beta release, and the learning-focused Academy feature are all contributing to the project’s strong push forward. However, what stands out most right now is the time-sensitive nature of the BDAG7X offer. This deal allows users to upgrade their holdings instantly, without needing complex strategies or long waits. Just one simple code and a 24-hour window to act. It’s a peak moment for those looking for the top crypto project right now.

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