The cryptocurrency market continues to monitor the movements of major players, including Ethereum and Cardano, which are showing positive trends. Additionally, a lesser-known project, BlockDAG, is making significant strides amidst substantial sales.
Ethereum Approaches $3,000 Breakout
Ethereum (ETH) has regained attention after bouncing off the $2,500 support and climbing into the $2,700-$2,820 range. Analysts are currently focused on the $2,820 level as a key breakout point. If ETH clears this level with strength, the next short-term target is $3,000, followed potentially by $3,670 and $4,200 in the long term.
Data shows that more than 2 million ETH were purchased between $2,700 and $2,760, forming a solid support base.
Cardano Targets $1.80 After Bullish Triangle Formation
Cardano (ADA) is displaying strong signs of a breakout, currently trading around $0.64 after bouncing from $0.625. A bullish triangle is forming, with whale wallets supporting the move. Over 310 million ADA have been added to long-term holdings. If ADA breaks above $0.70, the next big target could be $1.00, possibly reaching $1.80 if volume increases.
A key driver is ADA's recent inclusion in the Nasdaq Crypto Index, which has bolstered credibility and formed psychological support at $0.70.
BlockDAG: Potential of a New Project
BlockDAG (BDAG) is making strides with significant achievements, differentiating itself from other projects in the cryptocurrency sector. The ongoing presale has raised $312 million, selling 22.8 billion tokens at a price of $0.0018, marking a significant milestone for the project. Currently, devices, smart contracts, and node networks are already deployed and operational.
At launch, BlockDAG expects active use among 2 million miners, with 20 centralized exchanges already confirming their readiness for listing.
Ethereum and Cardano continue to evolve, showing potential growth, while BlockDAG establishes itself as a fast-moving innovator. The market remains under close scrutiny, and future developments may prove crucial for market participants.
