In recent days, the cryptocurrency market has shown varied trends, particularly with FET and Ethereum, as well as the new BlockDAG project.
FET Price Outlook: Bullish or Bearish Trend?
The FET price outlook turned bearish after slipping below the $0.66 mark, breaking a six-month triangle and extending a 15% weekly drop. Key downside targets have emerged at $0.56 and $0.49.
Despite the breakdown, FET still hovers near a macro trendline from 2022, providing some structural support. Elliott Wave analysis indicates that wave C is nearing completion, warning that a failure to hold the $0.60 range could lead to deeper losses.
Ethereum Rally: Institutional Buys Driving Price
Meanwhile, the Ethereum (ETH) price rally gained momentum after BitMine increased its holdings to over $3 billion by purchasing more than 208,000 ETH. This brought its total to 833,137 ETH, placing BitMine ahead of other treasury firms in the accumulation race.
The Ethereum price rallied nearly 6% to a high of $3,730 before settling back to $3,654. Analysts note that further upside depends on sustained institutional demand.
BlockDAG Trading Dashboard: A New Level of Interaction
The new BlockDAG Trading Dashboard V4 has already attracted user attention, offering an interactive interface with real market data, order books, and price charts. Although the project has not officially launched on the market, users can already interact with the platform. This conveys that the launch of BlockDAG is becoming increasingly relevant.
With more than 24.7 billion BDAG coins sold and $363 million raised, the pre-sale is nearing its final phases. The expected listing price is set at $0.05.
Given the current situation, predictions for cryptocurrencies vary. While FET faces negative trends, Ethereum shows positive dynamics thanks to large purchases. The launch of the BlockDAG platform with its new trading dashboard underscores the ongoing trend of active user engagement in this sphere.
