Ethereum News Today: BlockDAG Surges as Ethereum ETFs and Ethena Rally Signal Crypto Momentum

BlockDAG has emerged as one of the most active crypto projects following a surge in Ethereum ETF inflows and a notable rally in Ethena’s price. These developments reflect broader investor confidence in blockchain innovation and digital assets. Ethereum recently saw over $1 billion in a single-day inflow to U.S. spot ETFs, pushing total holdings past $10.8 billion [1]. This is seen as a strong indicator of institutional adoption and long-term bullish sentiment. Technical indicators also suggest Ethereum may reach $6,000–$7,000 by 2025, supported by patterns like the bull flag and inverse head-and-shoulders [1].

Meanwhile, Ethena (ENA) has climbed nearly 31% in a week, reaching a seven-month high of $0.855 [1]. The price movement is attributed to widespread participation rather than whale-driven accumulation, indicating a more democratized buying pattern. Analysts note that while large-holder inactivity might delay a push toward $1, the overall trend supports growing confidence in the project [1].

BlockDAG, on the other hand, is gaining traction through its presale activity. Over $373 million has been raised, with more than 25 billion coins sold and a 2,660% ROI since batch 1 [1]. The project’s real-time leaderboard highlights major purchases, offering visible proof of ongoing capital inflows. This transparency is attracting new participants who see the steady movement of funds as a signal of sustained demand. The presale is currently in batch 29 at $0.0276 per token, and the project is aiming for a $600 million funding target [1].

The project’s approach differs from many others by publicly displaying high-value transactions. This creates a reinforcing cycle: as new buyers observe significant investments, they are more inclined to join, further driving capital inflows [1]. The visibility of large commitments also supports the notion that BlockDAG is building a loyal and active user base, rather than relying on short-term speculation [1].

Taken together, the Ethereum ETF inflows, Ethena’s price growth, and BlockDAG’s presale performance highlight a broader trend of sustained market participation. While ETF inflows and price rallies often reflect macro-level sentiment, BlockDAG’s continuous activity and transparent structure offer a more immediate and observable measure of investor interest [1]. This combination of institutional validation, broad-based participation, and real-time engagement positions these projects as key players in the evolving crypto landscape [1].

Source: [1] BlockDAG Tops Crypto Projects as Ethereum ETF Inflows and Ethena Rally Signal Strength (https://coinmarketcap.com/community/articles/689cc5909b583a34d769dfa6/)