Excitement is building in the crypto market as prices shift. Toncoin is rising, and Ethereum reserves on exchanges reach a historic low, pointing to bullish dynamics.
Toncoin Growth Trend
In the past two weeks, Toncoin (TON) has gained strength, with its price rising from $2.35 to $3.60, driven by strong momentum and the purchase of $400 million worth of TON by major venture capital groups. Its current value is supported by the fast-moving 20 and 50 EMAs. If the price can break past $3.90 and sustain it, further growth towards $7.35 is anticipated. However, a pullback may occur if this level does not hold as support before another upward attempt.
Ethereum: Historic Low on Exchanges
Ethereum's exchange reserves have reached the lowest level in nearly a decade, indicating a bullish signal as users choose to hold or use ETH in DeFi and staking rather than selling. Despite the strong on-chain signals, Ethereum remains confined to a downward parallel trend channel, suggesting potential short-term challenges even as long-term confidence grows.
BlockDAG: Awaiting Keynote 3
Anticipation is high for BlockDAG's third keynote, which is just hours away. The previous keynotes have gained worldwide attention, including a spotlight in Tokyo. As the presale total surpasses $207 million, interest in BDAG has grown significantly. Many are getting in early to benefit from potential price increases following Keynote 3's launch, with BDAG aiming towards a $600 million target.
In conclusion, Toncoin continues to show promise, especially if it clears the $3.90 mark. At the same time, Ethereum remains a solid long-term signal, despite short-term challenges due to its technical trend. The spotlight now is on BlockDAG's upcoming Keynote 3, which already draws significant market interest and investment.
