In recent days, the cryptocurrency market displays various trends. Ethereum and Avalanche are under pressure, while a new project, BlockDAG, quickly gains popularity.
Situation with Ethereum
The latest price update for Ethereum (ETH) shows a decline from $2,400 to around $2,244. This drop followed a sharp decline on June 21, which unsettled the market. Currently, ETH fluctuates between key resistance levels at $2,380 and $2,450, testing support around $2,205. Technical indicators indicate weakness, with the Relative Strength Index (RSI) between 30 and 40 and a flat MACD.
Price Dynamics of Avalanche
Avalanche (AVAX) is hovering around $17 following a drop from $20. After a failed breakout of a falling wedge, AVAX lost nearly 6% and found support at approximately $17.08. Despite this drop, some analysts suggest a potential rebound if the price remains above the support at $16.30 - $17.20.
BlockDAG’s Rise: New Horizons
The BlockDAG project is noticeably attracting attention, with its price raised from $0.0018 to $0.0020 in its presale, which has already amassed $320.5 million. Another price increase is expected on June 24. So far, over 23.2 billion BDAG units have been sold, and the project is moving towards real shipments of mining equipment next month.
The cryptocurrency market situation continues to change. Ethereum and Avalanche are consolidated at certain levels, but significant growth is lacking. Meanwhile, BlockDAG demonstrates active growth and interest, capturing investor attention.
