Ethereum News Today: Investors Flock to BlockDAG’s Scarcity-Driven Momentum as Ethereum Stalls

BlockDAG’s X1 and X10 demo has demonstrated strong market performance, outpacing both Ethereum and SEI amid their struggles to establish clear directional momentum. The project has raised more than $380 million in its presale, selling over 25 billion tokens in 29 phases, with early buyers already seeing more than 2,600% in unrealized gains. The scarcity model of the presale is a key driver of demand, as each new batch is priced higher than the previous, reducing opportunities for early entry. Projected price targets, including $1 by 2027 and $5 by 2030, have attracted widespread attention from investors seeking both short-term returns and long-term value [1].

BlockDAG’s hybrid DAG + Proof-of-Work design offers scalability with up to 15,000 transactions per second, complemented by EVM compatibility, which facilitates seamless migration of existing blockchain projects and rapid deployment of new decentralized applications. The project’s mobile-first mining model has already drawn 2.5 million users, further solidifying its adoption before launch. Strategic partnerships with global sports franchises, including Inter Milan, the Seattle Orcas, and the Seattle Seawolves, have enhanced its brand visibility, while confirmed listings on major exchanges like MEXC, LBank, and BitMart are anticipated to broaden its accessibility [1].

In contrast, Ethereum has faced mixed signals in recent technical analyses. On the daily chart, Ethereum has formed a higher high near $4,884, but the Relative Strength Index (RSI) failed to confirm the momentum, resulting in a bearish divergence. This divergence suggests potential exhaustion in the uptrend and raises the possibility of a correction toward $4,100 or lower. The 4-hour chart reflects a similar pattern, with RSI also showing signs of weakening despite higher price levels. On-chain data, such as the Futures Volume Bubble Map, indicates that speculative activity in Ethereum’s derivatives market is reaching overheated levels, increasing the risk of volatility and potential pullbacks [2].

Meanwhile, Ethereum’s on-chain metrics suggest the market is entering a “belief” phase, as seen in previous bull cycles. The long-term holder (LTH) net unrealized profit/loss (NUPL) indicator has entered the “belief-denial” zone, historically associated with significant price rallies. Additionally, the market value to realized value (MVRV) ratio stands at 2.08, significantly lower than previous cycle peaks, indicating Ethereum remains undervalued relative to historical euphoria levels. Analysts suggest Ethereum could still appreciate to $5,500 or beyond before reaching extreme MVRV levels [3].

From a technical perspective, Ether’s price action has confirmed a megaphone pattern on the weekly chart, with a target of $10,000. The rounded bottom pattern on the daily chart has also been validated, with the neckline at $4,100 retested and confirmed as support. Analysts have suggested the price could move toward $12,130, a level that represents a 161% increase from current prices. However, such projections remain speculative and depend on the continuation of positive macroeconomic factors, including potential interest rate cuts and increased capital inflows through spot Ethereum ETFs [3].

Ethereum’s performance contrasts with BlockDAG’s structured momentum and early-stage traction. While Ethereum continues to benefit from its established ecosystem and institutional interest, it has yet to overcome recent resistance levels convincingly. In the current market environment, BlockDAG’s combination of scarcity-driven demand, real-world utility, and strategic visibility positions it as a standout performer. As the project approaches its listing phase, market participants are closely watching whether it can sustain its growth trajectory and outperform its more established counterparts [1].

Source:

[1] BlockDAG Presale Beats Solana, Cardano & Shiba (https://blockchainreporter.net/blockdag-presale-beats-solana-cardano-shiba-top-crypto-to-buy-in-2025/)

[2] Ethereum Price Analysis: Is ETH About to Break Past $5K After Recent ATH? (https://cryptopotato.com/ethereum-price-analysis-is-eth-about-to-break-past-5k-after-recent-ath/)

[3] Ether Price Enters 'Belief Zone' Following $5K All-Time Highs (https://cointelegraph.com/news/20k-eth-price-in-play-ethereum-belief-zone)