Ethereum News Today: Ethereum Eyes $4,000 as Aave Weakens and BlockDAG Hits $364M Presale

Ethereum (ETH) price action has regained the $3,600 level, stoking speculation about a potential move toward $4,000. Analyst Benjamin Cowen forecasts short-term weakness through September, followed by a higher low and eventual rally, with long-term price projections placing ETH between $5,300 and $7,500 by late 2025 [1]. This projection is based on a harmonic “butterfly effect” pattern. However, Ethereum’s upward trajectory remains constrained by resistance levels between $3,800 and $3,900. Support is currently holding between $2,400 and $2,700, and without confirmed momentum breaking through this range, ETH may continue to reflect prior consolidation patterns [1].

Aave (AAVE), on the other hand, faces a more bearish outlook as it recently broke below a key ascending trendline and failed to sustain bullish momentum. On-chain signals such as the Spot Taker CVD remain negative, while short positions have reached a one-month high. Technical indicators point to a growing downside risk, with the RSI below 50 and a bearish MACD crossover still active. If AAVE closes below $242, a further drop toward $225 becomes likely. A reclamation of $282.84 could potentially reverse the trend, but until then, the Aave price forecast remains cautious [1].

Meanwhile, BlockDAG (BDAG) has made a notable advancement with the launch of its Dashboard V4, allowing presale participants to engage in real-time trading before the project’s official listing. The dashboard is not a simulated environment but a fully functional interface, complete with buy and sell execution, professional-level charting, and live pricing tied to the ongoing presale flow [1]. This unique feature is rare in the presale market and has contributed to BDAG’s fundraising success, now exceeding $364 million with 24.8 billion coins sold. A limited-time special entry price of $0.0016 is available until August 11, offering a potential return of over 3,025%.

BDAG’s presale has also driven significant demand for mining hardware, with over $7.7 million in miner sales and more than 19,000 units distributed [1]. This underscores the project’s focus on real-world utility and functionality from the outset. With Dashboard V4 now operational, the BlockDAG community is gaining hands-on experience with trading mechanics ahead of the official launch, giving them a strategic advantage in understanding market dynamics. The project’s approach highlights a departure from speculative presales, emphasizing readiness and long-term value delivery for holders.

While Ethereum and Aave remain in a state of technical uncertainty, BlockDAG has positioned itself as a project that is already trading in real time. The live dashboard not only provides early access but also reinforces the platform’s commitment to transparency and user experience. For investors tracking top crypto coins, BDAG stands out as a project that is actively reshaping the pre-launch landscape by offering real-time functionality and insights into its market potential [1].

[1] BlockchainReporter, [https://blockchainreporter.net/eth-price-action-surges-4k-next-aave-wobbles-while-blockdag-switches-on-trading-with-new-dashboard-v4/](https://blockchainreporter.net/eth-price-action-surges-4k-next-aave-wobbles-while-blockdag-switches-on-trading-with-new-dashboard-v4/)