Ethereum Stalls, Cardano Whales Exit, BlockDAG’s Auction Heats Up

BlockDAG Presale Surges as Ethereum, Cardano Lose Steam

Ethereum and Cardano are both navigating uncertain market conditions this week, with traders closely watching price levels. Ethereum has dropped under $3,600 after failing to sustain gains above $3,700, while Cardano continues to slide under heavy whale selling and reduced on-chain activity. Meanwhile, BlockDAG (BDAG) is showing an entirely different trend. With only three days until a planned 17x price rise and a live 10 BTC auction, it has quickly moved into focus for those seeking momentum plays.

These shifts are influencing trading strategies across the market. While ADA and ETH hold near key support points, many are moving fast to grab BlockDAG’s final $0.0016 batch before the price change on August 11.

Ethereum Loses Steam at $3,700

Following a brief surge beyond $3,700, Ethereum (ETH) has once again slowed. The earlier bullish trendline has now been broken, with price action staying under the 100-hourly Simple Moving Average. ETH trades below $3,600, finding it difficult to reclaim the $3,620 resistance that previously acted as support.

Market analysts point out that ETH now faces resistance not just at $3,620 but also at $3,700. Without a clear move above $3,750, any rally toward $4,000 appears unlikely in the short term. MACD has turned bearish, and the RSI is still under 50, pointing to more downward pressure. A break below $3,510 could send prices toward $3,420 or even $3,350.

This softer momentum is a notable change from last week’s bullish tone. With no major catalysts on the horizon and Bitcoin also pausing, Ethereum’s near-term outlook is shifting toward neutral-to-bearish sentiment.

Cardano Feels Pressure as Whales Reduce Holdings

Cardano (ADA) has now extended its losses into a third week, sliding within a bearish falling channel. Whale wallets, holding between 1 million and 100 million ADA, have offloaded about 390 million coins since July 24, adding more supply to the market.

While daily active addresses have climbed past 31,000, transaction volumes have dropped from $1.69 billion in July to $744 million, hinting at weaker demand. Technical charts aren’t helping either, with RSI at 40 and MACD turning bearish on the 4-hour timeframe.

The $0.6884 support level is now in focus. A breakdown below this area could trigger further declines, with a looming “death cross” on EMA charts increasing the risk of more downside.

BlockDAG: Final $0.0016 Batch, $368M Raised, and 10 BTC Auction

While Ethereum and Cardano work through price weakness, BlockDAG has secured strong traction with its ongoing crypto presale, now past $368 million in funding and 24.9 billion coins sold. The current batch, number 29, is priced at $0.0016 and will remain available only until August 11. After this deadline, the price jumps to $0.0276, a 17x increase that means early buyers have already seen 2,660% growth since batch 1, with an exchange listing at $0.05 ahead.

The live 10 BTC auction has amplified market interest. Every buyer is entered automatically, and larger purchases boost chances of winning part of the Bitcoin prize pool. This has created a sense of urgency, with traders eyeing one of the top crypto projects of the moment.

BlockDAG’s technology merges blockchain with DAG systems for fast, scalable transactions. It supports EVM compatibility and features a low-code smart contract builder to make development easier. The X1 mining app already has 2.5 million users, and confirmed listings on five exchanges, including MEXC and BitMart, strengthen post-launch confidence.

The recently launched Dashboard V4 gives users tools to simulate trades and monitor live performance, adding transparency. With only days before the price reset, BlockDAG is providing both accessibility and growth potential while other major coins face uncertainty.

To Sum Up

With Ethereum slipping under $3,600 and Cardano pressured by whale sell-offs, many traders are looking elsewhere for near-term opportunities. BlockDAG’s presale, priced at $0.0016 until August 11, combined with a 10 BTC auction, stands out as a clear market mover.

The next 48 hours could be decisive. For those tracking momentum shifts, BlockDAG offers a blend of timing, availability, and upside, all supported by real progress and confirmed exchange listings.

Presale: purchase.blockdag.network

Website: blockdag.network