Ethereum News Today: Ethereum Nears $4K As Aave Faces Bearish Pressure And BlockDAG Launches Live Trading Tools

Ethereum (ETH) has shown renewed upward momentum, trading near the $3,600 level and displaying signs that it could test the $4,000 psychological threshold. According to analyst Benjamin Cowen, ETH’s price action suggests potential short-term weakness ahead of a rebound in the coming months. His long-term forecast, based on harmonic patterns, estimates a range between $5,300 and $7,500 by the end of 2025 [1]. However, immediate resistance lies between $3,800 and $3,900, and a failure to break through this zone could see the price retrace toward support levels near $2,400 to $2,700.

Meanwhile, Aave (AAVE) faces mounting bearish pressure after breaking below a critical ascending trendline. On-chain metrics such as Spot Taker CVD remain negative, and the RSI has dropped below 50, reinforcing the downward bias. Analysts warn that unless AAVE manages to reclaim the $282.84 level, the bearish outlook could extend further, potentially leading to a correction toward $225 if the $242 level fails [1]. Short interest has also increased, suggesting growing speculative bearishness.

In contrast, BlockDAG (BDAG) has taken a unique approach by activating live trading through its Dashboard V4 ahead of its official listing. The tool provides presale participants with a full trading experience, including real-time price data and advanced charting tools. This initiative positions BlockDAG as one of the few presale projects offering hands-on market interaction to early buyers [1]. The project has already raised over $367 million and sold 24.8 billion tokens, with the presale price currently at $0.0016—set to increase significantly after August 11. A limited-time auction offering a 10 BTC prize pool has further boosted participation, with buyers earning eligibility based on their purchase volume.

BlockDAG’s hardware initiatives have also gained traction, with over $7.7 million in miner sales and 19,000 units distributed to early supporters [1]. This approach not only demonstrates functional progress but also builds confidence among participants who are now able to test execution strategies in a live environment. The project’s ability to deliver tangible features before listing sets it apart from many other presale offerings, offering a unique blend of real-time access and future potential.

While Ethereum continues to face key resistance and Aave struggles with bearish momentum, BlockDAG’s proactive approach has generated notable interest. The project’s early trading tools and tangible milestones highlight a focus on execution rather than mere speculation. As the crypto market remains volatile, projects that offer active engagement and visible progress may see stronger adoption from both retail and institutional participants.

Source: [1] https://coindoo.com/eth-targets-4k-as-aave-faces-pressure-and-blockdag-activates-live-trading-with-dashboard-v4/