Significant events have occurred in the cryptocurrency market, including BlockDAG's presentation and the current fluctuations in Ethereum and XRP prices.
Ethereum Parameters and Resistance Level
The price of Ethereum (ETH) remains firmly above $1,800; however, the resistance level at $1,865 presents challenges. Professional traders are exhibiting caution against a backdrop of weak bullish sentiment, as indicated by derivatives data.
XRP Technical Analysis and Possible Scenarios
Technical analysis suggests that XRP may face difficulties. If the price drops below the $2 support level, it could lead to a deeper decline to $1.07. Market participants continue to monitor for potential volatility scenarios.
Key Points from BlockDAG's Presentation
During the recent BlockDAG presentation, led by CEO Antony Turner, updates were shared regarding the launch of Beta Testnet V1, which now operates at double the throughput. The presentation generated significant interest, and the BlockDAG presale reached $212 million.
The current state of Ethereum and XRP markets requires close attention. Insights from BlockDAG's recent presentation may signal new opportunities for investors observing the increased interest in this project.
