Ethereum News Today: Ethereum Approaches $4,000 as Chainlink Breaks Out and BlockDAG Hits 3,025% Presale Gain

Ethereum (ETH) continues to move closer to the $4,000 level, although the $3,940 resistance remains a significant barrier. Technical indicators suggest that the market is closely watching the $3,300–$3,400 zone for further direction. ETH is currently trading near $3,553 and remains above key moving averages, supported by consistent trading volume and ongoing ETF inflows. However, a drop below $3,600 could signal a shift in momentum, potentially leading to short-term corrections [1].

Meanwhile, Chainlink (LINK) has shown a notable breakout following a double bottom pattern. The token is currently testing the $18 level, with analysts closely monitoring whether this support will hold. A successful retest could trigger a move toward the $24 resistance, marking a significant milestone in the asset’s trajectory. The $18 level functions as the neckline of the pattern, and any renewed buying pressure may confirm a bullish continuation [2].

In a more concrete development, BlockDAG (BDAG) has launched its Trading Dashboard V4, offering full trading functionality ahead of its official launch. The presale price remains fixed at $0.0016 until August 11, significantly lower than the confirmed launch price of $0.05, implying a potential 3,025% return if the price holds. The dashboard provides a real-time trading experience with live price charts, dynamic order books, and active transaction feeds. This functionality distinguishes BDAG from most presale projects, allowing users to engage with a fully operational system before launch [3].

The project has raised over $364 million and sold 24.7 billion BDAG coins, with more than 200,000 global holders. The availability of the dashboard reflects growing confidence in the project’s readiness and offers an early opportunity to interact with a live, functional trading system [4].

Across the market, Ethereum’s market movement, Chainlink’s breakout, and BlockDAG’s operational progress are capturing the attention of traders and investors. ETH remains in a critical phase as it approaches key resistance levels, while LINK’s technical setup suggests a potential bullish continuation if support holds. BlockDAG, on the other hand, is not only generating interest as a breakout candidate but also demonstrating tangible progress through its live trading platform.

These developments highlight the dynamic nature of the current crypto landscape, where both traditional and emerging assets are shaping investor sentiment and strategies. With Ethereum’s volatility and Chainlink’s pattern breakouts, combined with BlockDAG’s early-stage functionality, the market remains in a state of anticipation and active trading.

Source:

[1] [2] [3] [4] CoinMarketCap Community Article

https://coinmarketcap.com/community/articles/6893fb959ff08f0ef31997d8/