Current developments in the cryptocurrency market show changes in Aave and Ethereum prices, alongside events related to BlockDAG.
Aave Price Forecast
The Aave (AAVE) price forecast indicates continued pressure after the asset dropped below a major ascending trendline. Short interest has climbed, and on-chain indicators such as Spot Taker CVD remain bearish. RSI readings sit below 50, with a lingering negative MACD crossover.
Unless AAVE can recover above $282.84, the current outlook remains bearish. A close below $242 could lead to a decline toward $225, and momentum currently favors sellers.
Ethereum Price Action
Ethereum (ETH) price action has climbed back above $3,600, pushing the conversation toward whether a move to $4,000 is within reach. Analyst Benjamin Cowen anticipates possible short-term weakness into September, followed by a rebound forming a higher low. His long-term view estimates ETH reaching between $5,300 and $7,500 by the end of 2025 based on a harmonic 'butterfly effect' pattern.
However, ETH faces key resistance between $3,800 and $3,900, with support levels near $2,400 to $2,700.
BlockDAG Dashboard V4 Launch
BlockDAG has launched a new step in its presale progress with the release of Dashboard V4. The platform offers an interactive trading environment simulating post-launch market conditions. It includes full BUY and SELL functionalities, advanced charting tools, and live pricing reflecting ongoing presale activity.
BlockDAG has also seen growing interest in its hardware products, with over $7.7 million in miner sales and 19,000 units distributed.
Considering current trends, the cryptocurrency market showcases moderate instability, with potential price changes for Aave and Ethereum, while BlockDAG continues to innovate and maintain strong interest in its offerings.
