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Ethereum and Pi Network Encounter Challenges in the Crypto Market

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by Giorgi Kostiuk

3 days ago


Ethereum and Pi Network face significant pressure from investors, while the BlockDAG project demonstrates positive dynamics.

Ethereum Market Under Asset Sell-off Pressure

A recent wave of asset sell-offs by Ethereum whales has sparked concerns in the crypto market. According to CryptoPotato, over 430,000 ETH worth $1.8 billion was offloaded within 14 days, putting the $4,000 support level at risk. Should this level break, analysts anticipate a drop to $3,800 or lower. This pressure is driven by a lack of clear institutional demand and overall macroeconomic instability, making high-risk assets particularly vulnerable.

Weak Price Outlook for Pi Network

The price structure of Pi Network reflects fragility. According to AMBCrypto, PI is down 87 percent from its February 2025 highs near $3, now hovering around $0.368. In terms of long-term prospects, Pi's growth is hindered by weak accumulation and a lack of exchange availability. The top 100 wallets hold 96.37 percent of the supply, leaving the token highly vulnerable to sell-offs. Technical indicators show minimal buyer strength, and unless Pi secures new listings or ecosystem utility, upside potential remains constrained.

BlockDAG: Confident Steps in the Market

BlockDAG continues to demonstrate positive results, reaching $395 million in its Batch 30 presale and selling 25.5 billion tokens at $0.03, alongside a limited-time offer of $0.0013. User participation is growing, with the X1 Miner app surpassing 3 million downloads, transforming smartphones into accessible mining tools. Alongside this, the X10 hardware demonstrates infrastructure readiness. BlockDAG offers unique opportunities due to its EVM compatibility, encouraging ecosystem growth.

The situation in the Ethereum and Pi Network markets remains tense, while BlockDAG shows confident steps and active investor engagement.

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