Ethereum News Today: Ethereum Trapped Below $3,800 as XRP Gains 4.45% on Volume Surge and BlockDAG Hits 3,000% Upside Potential

Ethereum (ETH) is currently trading in a tight range between $3,600 and $3,750, with resistance at $3,800 acting as a key hurdle for further gains. Despite a recent rebound from $3,369 and a strong support level at $3,550, upward momentum remains subdued. Short-term indicators such as the hourly RSI suggest a bullish bias, but not a decisive breakout. Technical analysis and AI-driven models indicate that if trading volume and market sentiment improve, ETH could potentially reach $3,880 in the short term, with a longer-term target of $4,120[1]. However, failure to maintain levels above $3,600 could see the price slipping toward $3,500 or below. With no major events expected beyond broader market trends, Ethereum remains a stable but unexciting asset in the current environment[2].

XRP, on the other hand, has broken above $3.00, reaching a high of $3.08 this week, driven by a record one-minute trading volume spike of $33 million. In 24 hours, the price rose from $2.92 to $3.05, reflecting a 4.45% gain and briefly drawing significant market attention[3]. However, the price is now facing renewed pressure near $3.09, a level it has struggled to surpass twice this week. Large liquidations totaling over $2.1 billion and a TD Sequential sell alert on the three-day chart suggest weakening momentum. While support is firm at $2.97, the path forward for XRP remains uncertain amid regulatory scrutiny, particularly with the U.S. Securities and Exchange Commission (SEC) expected to make a classification decision in mid-August[4]. Until then, XRP remains a coin of interest but lacks the clarity to drive strong trading action.

Amid these dynamics, BlockDAG (BDAG) has emerged as the top trending crypto asset to watch this month. Priced at $0.0016 during its Global Launch phase, which ends on August 11, the token has seen significant activity due to its limited-time offer, which jumps to $0.0276 post-August 11—a 17x increase[5]. The project has raised over $368 million in its presale and is positioned with a hybrid blockchain-DAG architecture, offering scalability and EVM compatibility that supports fast and seamless smart contract deployment[6]. Beyond trading data, BlockDAG is expanding its footprint in real-world use cases, including partnerships with sports franchises like the Seattle Seawolves and Seattle Orcas, and the X1 mobile mining app, which has surpassed 2 million users[7]. A 10 BTC giveaway and a 100 million token airdrop are also boosting user engagement ahead of upcoming listings on exchanges like MEXC, LBank, and BitMart[8].

BlockDAG’s current price offers a theoretical return of approximately 3,000% based on its $0.05 launch target. This combination of momentum, accessibility, and potential upside positions it as a distinct alternative to the stalled movements seen in both ETH and XRP[9]. While Ethereum price prediction models remain cautiously optimistic and XRP waits for regulatory clarity, BlockDAG continues to build traction with both developers and retail investors.

[1] https://coinmarketcap.com/community/articles/6898a4f74aa6a72cbd7c74cb/