Ethereum News Today: Ethereum Tests $3,600 Resistance Amid $4,000 Ascent Hopes

Generated by AI AgentCoin World
Friday, Aug 8, 2025 11:40 pm ET1min read
AAVE
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ETH
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Aime RobotAime Summary

- Ethereum (ETH) breaks $3,600 resistance, with analysts projecting potential $4,000-$7,500 range by late 2025 despite short-term volatility.

- Aave (AAVE) faces bearish pressure below $282.84, with technical indicators signaling continued decline toward $225 amid weak RSI and MACD.

- BlockDAG (BDAG) launches Dashboard V4 for presale trading, raising $365.5M with 24.8B tokens sold, offering 3,025% potential returns for early buyers.

- Hardware sales ($7.7M) and presale momentum highlight BDAG's pre-launch traction, contrasting ETH's cautious optimism and AAVE's downward trajectory.

Ethereum (ETH) is showing renewed strength as its price action climbs above $3,600, with market participants watching closely for a potential push toward $4,000. Analyst Benjamin Cowen anticipates some short-term weakness in September, followed by a recovery that could drive the price higher, projecting ETH could trade between $5,300 and $7,500 by late 2025 based on

harmonic
pattern analysis [1]. However, resistance levels between $3,800 and $3,900 remain challenging, and without a decisive breakout,
Ethereum
may follow its typical pattern of gradual ascent, consolidation, and eventual upward movement [2].

Meanwhile,

Aave
(AAVE) is under bearish pressure following a break of a key ascending trendline, with technical indicators pointing to continued weakness. The Relative Strength Index (RSI) remains below 50, and a bearish Moving Average Convergence Divergence (MACD) crossover has not reversed, signaling ongoing downward momentum. If the price falls below $242, it could decline further to $225. A return above $282.84 might improve the outlook, but for now, the risk-reward balance is unfavorable for
bullish
investors [3].

In contrast, BlockDAG (BDAG) is making waves with the launch of its Dashboard V4, offering presale participants a live trading experience before the coin even lists. This innovation includes real-time pricing, advanced charting, and a visible order book, effectively simulating post-launch trading conditions. The presale has already raised $365.5 million in volume, with 24.8 billion BDAG coins sold. Participants who purchase during the early $0.0016 price window, which closes on August 11, could see a potential 3,025% return [4]. Additionally, BlockDAG’s hardware division has achieved significant traction, with $7.7 million in miner sales and over 19,000 units shipped [5].

As the crypto market continues to evolve, Ethereum remains a focal point for long-term optimism, Aave faces immediate bearish headwinds, and BlockDAG is proving its ability to deliver tangible functionality before its official launch. With Ethereum testing key levels, Aave navigating a technical breakdown, and BlockDAG offering an unprecedented presale experience, these three projects illustrate the varying trajectories shaping the current crypto landscape.

Source:

[1] title: Ethereum Eyes $4K, Aave Faces Downtrend, & BlockDAG Launches Live Trading With Dashboard V4

https://coinmarketcap.com/community/articles/6896bfb522a70437e2babf21/

[2] title: Ethereum Eyes $4K, Aave Faces Downtrend, & BlockDAG Launches Live Trading With Dashboard V4

[3] title: Ethereum Eyes $4K, Aave Faces Downtrend, & BlockDAG Launches Live Trading With Dashboard V4

[4] title: Ethereum Eyes $4K, Aave Faces Downtrend, & BlockDAG Launches Live Trading With Dashboard V4

[5] title: Ethereum Eyes $4K, Aave Faces Downtrend, & BlockDAG Launches Live Trading With Dashboard V4