The cryptocurrency world is seeing many changes, with several names standing out in the news. Ethereum is holding its price, while SUI faces declining market sentiment, and BlockDAG shows confident growth.
SUI Outlook: Market Becomes Cautious
After a strong 20% rally, market sentiment for SUI has turned more cautious. A pullback of 10–12% is expected as the price faces resistance at $2.848. The recent unlock of 58.35 million tokens added selling pressure.
Short positions worth around $16.66 million have accumulated at key levels, indicating that a drop is widely anticipated. A 10% fall in volume also suggests reduced activity. If SUI breaks below its trendline, the price may head toward $2.40 unless a breakout occurs soon.
Ethereum: Stability and Community Support
Ethereum price remains near $2,400 with limited movement. However, behind-the-scenes changes could influence future performance. New support from the Ethereum Community Foundation is aiding in token burns, which may help reduce supply and support future value.
Ethereum spot ETFs are also showing interest, with 106,000 ETH added in just one week. On-chain statistics reveal that 30 million ETH are held in untouched wallets. If ETH falls below $2,350, support may be tested, but steady inflows and planned updates could provide support for Ethereum's price if the market remains stable.
BlockDAG Rapid Growth: GLOBAL LAUNCH Release
BlockDAG is gaining attention with its new GLOBAL LAUNCH release, offering tokens at $0.0016, valid until August 11. Over $332 million has been raised so far. The project is currently in Batch 29 of 45, with each batch bringing a price increase. More than 200,000 holders are already part of it, indicating strong activity beyond just price changes.
Currently, Ethereum demonstrates stability with supporting factors, while SUI is facing a decline in market interest. BlockDAG, on the other hand, shows increasing interest and activity, which could lead to future success in the cryptocurrency market.
