Currently, Ethereum and Avalanche attract special attention in the cryptocurrency market. Both cryptocurrencies show potential for growth, while the development of the BlockDAG project is also generating interest due to its active implementation of plans.
Ethereum Holds Key Support
Ethereum (ETH) continues to hover around $2,250, holding just above its 20-day EMA after a minor retracement from a peak near $2,350. The critical support zone is now between $2,200 and $2,280. A close below this level could lead to a fall towards the next demand zone around $2,400. However, if it maintains this level, there is potential for a move upward towards $2,450. Market participants are exercising caution due to resistance preventing ETH from breaking out convincingly.
Avalanche Aiming for Breakout
Avalanche (AVAX) is consolidating between $15.50 and $19, showing resilience after its climb toward $20. The token remains above its 20-day EMA, with support at $18 holding firm. This price action suggests the market is pausing but not reversing, potentially setting up for renewed upward movement if the broader crypto market rises. Trading volume has dipped slightly, and the RSI is neutral.
BlockDAG: Implementation Stages and Developments
BlockDAG is entering a pivotal phase as its presale accelerates. With $318.5 million raised and only 16 batches left, the project is actively executing its roadmap. According to CEO Antony Turner's public roadmap, the shipping of X30 and X100 miners is scheduled to begin on July 7, followed by X10 in August. Additionally, a major sponsorship reveal is set for June 30, bringing significant visibility to the project. The presale is currently available at a limited price of $0.0020, set to increase to $0.0030 on June 24.
At present, Ethereum and Avalanche are playing their roles in the market, maintaining key support levels while preparing for potential breakouts. Concurrently, BlockDAG exhibits active development, making it a project to monitor closely in the near future.
