Ethereum News Today: Ethereum Surges 6% as BitMine Buys $3 Billion in ETH BlockDAG Launches Live Trading Dashboard FET Drops 15% as It Breaks Below $0.66 Support

Ethereum's price rally has gained momentum this week, pushing the asset past $3,650 after BitMine added over 208,000 ETH to its holdings, bringing its total to more than 833,000 ETH valued at over $3 billion. This institutional buying has reinforced bullish sentiment, with ETH seeing a 6% surge in the short term [2]. While the price briefly touched $3,730, it settled around $3,654, and analysts are now watching for further accumulation from large buyers. The asset remains above its key moving averages, and strong daily volume supports the case for a sustained rally. However, a move above $3,940 is still pending, and a drop below $3,600 could signal a near-term correction [1].

In contrast, FET’s price outlook has turned bearish, as it slipped below $0.66 and posted a 15% weekly loss. This move has broken out of a multi-month triangle pattern, raising concerns over whether $0.49 can hold as the next critical support level. The long-term trendline from 2022 remains intact, but if FET fails to stay above $0.60, further declines may follow. Traders are closely monitoring the $0.49 level for signs of renewed buying pressure [1].

Meanwhile, BlockDAG has launched its Trading Dashboard V4, offering users a live trading experience before the official listing. The platform allows early participants to access real-time price charts, order books, and wallet functions, simulating a post-launch environment. This initiative is part of a broader presale that has raised over $362.5 million across 24.7 billion BDAG coins sold. During the GLOBAL LAUNCH phase, BDAG is available at $0.0016 until August 11, after which the price will increase to $0.0276. The confirmed listing price is $0.05, meaning early buyers could see a 3,025% return if the token reaches that level [1].

This live dashboard has positioned BlockDAG as a standout among emerging crypto projects. While others focus on projections and roadmaps, BlockDAG is already delivering real utility to its users. With over 200,000 holders and an active presale, the project is behaving like a listed token before its official launch [2]. The ability to engage in real-time trading features is attracting attention as an innovative approach to pre-listing user experience.

Ethereum and FET remain central to current market discussions, with the former showing strong institutional support and the latter facing downward pressure. However, BlockDAG’s unique offering of live trading before the launch is redefining how investors and traders engage with early-stage projects. The platform’s ability to simulate a real trading environment is drawing comparisons to a “launch day experience,” further enhancing its appeal in a competitive crypto market [2].

Source: [1] BlockDAG Launches Live Trading Dashboard as ETH and ... (https://cryptobrowser.io/news/test-live-trading-before-launch-blockdags-dashboard-v4-goes-live-link-and-eth-signal-possible-breakouts/)

[2] Best Crypto For Long-Term: Cold Wallet, ONDO, XLM & ... (https://blockchainreporter.net/looking-ahead-best-crypto-for-long-term-growth-with-cold-wallet-ondo-xlm-hbar/)