Let's explore the current state of Ethereum and Avalanche cryptocurrencies, as well as the achievements of the BlockDAG project.
Current Status of Ethereum
Ethereum has recently dropped from $2,400 to $2,244, leaving the market tense, particularly after a sharp 7.6% dip on June 21. The price is now hovering below resistance between $2,380 and $2,450 while testing key support around $2,205. Technical indicators remain sluggish, with RSI trending between 30 and 40 and price action below the 20 and 50-day EMAs.
Situation with Avalanche
Avalanche is currently near $17 following a drop from the $20 range, with short-term support forming around $17.08. After testing a falling wedge breakout, a 6% decline occurred, and daily lows touched $15.72. The RSI sits near 32, hinting at potential oversold conditions, but no clear reversal has been observed yet.
BlockDAG: New Developments
BlockDAG has moved its presale price from $0.0018 to $0.0020, with another increase to $0.0030 scheduled for June 24. The presale has already raised $320 million. An important event will be the release of physical mining equipment, which will begin in July, as well as the disclosure of sports sponsorships, which is scheduled for June 30. These events indicate a serious growth trajectory for the project, focusing on utility rather than speculation.
Ethereum and Avalanche are facing challenges in the current cryptocurrency market; however, the BlockDAG project shows promising development pace, capturing community interest.
