Ethereum News Today: Ethereum Surges 10% to $3,000, Altseason 2025 Begins with BlockDAG's $339 Million Presale

Ethereum has recently surpassed the $3,000 mark, marking a significant milestone after weeks of sideways movement. This surge is fueled by strong on-chain signals, increasing trader positions, and an improving macroeconomic climate, all of which indicate the beginning of Altseason 2025. The question now is where the capital will flow next, with one notable project being BlockDAG (BDAG), a new Layer 1 that has already secured over $339 million, sold 23.9 billion coins, and is on track to reach a $600 million presale cap.

Ethereum's climb above $3,000 has reignited market optimism. After weeks of stagnation, ETH's daily chart broke through the $2,800 resistance, reclaiming its early 2025 levels and forming a higher high. Open interest has climbed to $22.6 billion, indicating that traders are anticipating more volatility. The 4-hour chart reveals several price gaps that support this momentum. If ETH can maintain $2,800 as support, the next target is $3,400. This rally is also having a positive impact on the broader altcoin market, with Layer 1 projects gaining attention from traders looking to deploy capital.

BlockDAG's presale numbers are equally impressive. The project has raised over $339 million, with nearly 24 billion coins sold. Its GLOBAL LAUNCH is scheduled for August 11, generating significant excitement within the community. BlockDAG's design combines Bitcoin's robust security, Kaspa's high-speed DAG structure, and Ethereum's smart contract capabilities, making it a unique offering in the Layer 1 space. The project's testnet is operational, and its mainnet launch is confirmed for August. Additionally, ASIC mining hardware is active, with 18,500+ rigs already sold, and over 200,000 holders building the community.

BlockDAG's $600 million goal may seem ambitious, but the progress is evident. With over $339 million already raised and a current price of $0.0016, the remaining batches could sell out quickly. When BDAG hits exchanges at its confirmed $0.05 launch price, early buyers could see a return of up to 3,025%. This potential return is based on current pricing and the final exchange target, not on empty hype. As the market shifts from fear to risk-taking, projects with real-world traction and strong utility are leading the charge. BlockDAG's speed, security, developer appeal, and community support make it a standout choice for those watching Altseason unfold.

With Bitcoin above $122,000 and Ethereum solidly above $3,000, capital is flowing rapidly, and solid Layer 1s like BlockDAG are becoming top picks for those seeking more than quick flips. BlockDAG's team has secured sports deals with the Seattle Seawolves and Orcas, as well as major collaborations with UFC fighters and football teams, demonstrating its global ambitions. Its confirmed GLOBAL LAUNCH release on August 11 means the $0.0016 price phase could soon close forever. Ethereum's breakout is a clear sign that Altseason 2025 is not just approaching but is already here. For buyers looking for a project with a working testnet, mining support, $339 million raised, and 3,025% potential upside, BlockDAG is leading the way.