Recent price analysis of Ethereum and Chainlink, coupled with the activity of the new BlockDAG project, shows an increase in interest towards cryptocurrencies.
ETH Price Analysis: Targeting $2,600
Recent momentum has pushed Ethereum past the $2,500 mark, reviving optimism for a potential rise to $2,600 and higher. Current price analysis indicates strong support is held at $2,480, paving the way for a renewed upward trajectory as buyers maintain pressure. Daily RSI levels remain above 50, further indicating that bullish control is intact.
LINK Price Update: Balancing Act Between Support and Resistance
Chainlink’s price sits around $13.18, with significant resistance lurking near $15. Following a sharp rise from $13 to nearly $16, followed by a drop to $11.20, LINK is trying to stabilize. The latest update highlights that over 10,000 large wallets, holding about 89.6 million LINK at an average cost basis of around $15.12, may trigger sell-offs if the price tests that zone again. Solid support has formed between $12.87 and $13.26, backed by nearly 20,000 addresses that purchased 53.9 million LINK at an average of $13.05. If prices remain above $13, further consolidation may occur.
BlockDAG Activity: Daily Buyer Battles
BlockDAG’s daily Buyer Battles continue to generate hype around its presale, establishing it as a project to watch in 2025. Every day, 50 million BDAG coins are released, and if any remain unsold, the top buyer receives them for free, encouraging more sales each day. The fixed price is set at $0.0016 until the GLOBAL LAUNCH on August 11, creating a window for buyers to increase their holdings before the anticipated listing price of $0.05.
With ongoing market uncertainty, ETH price analysis suggests buyers are committed to pushing for $2,600 and beyond. LINK price updates indicate strong resistance alongside solid support, making it a steady cryptocurrency to monitor. Meanwhile, BlockDAG's presale continues to gain traction with its innovative approach.
