Ethereum and Cardano are both facing challenging conditions this week, but it is not only technical signals that have traders concerned. Ethereum has dropped below $3,600 after failing to hold $3,700, while Cardano is under steady whale sell pressure with on-chain volume slowing. In contrast, BlockDAG (BDAG) is moving in the other direction. With a 17x price reset in just three days and a live 10 BTC auction running, it has become the center of growing attention from both retail and institutional sides.
These opposite trends are influencing how market players position themselves. While ADA and ETH test major support zones, many are acting quickly to secure access to BlockDAG’s final $0.0016 price stage.
The clock is ticking, numbers are rising, and the chance to enter is closing fast.
Ethereum Slips at $3,700 as Momentum Cools
After briefly pushing above $3,700, Ethereum (ETH) has moved into another cautious phase. The bullish trendline that supported earlier gains has now been broken, and the hourly chart shows price staying below the 100-hourly Simple Moving Average. ETH is now under $3,600 and struggling to move past the $3,620 level that once held as support.
Market watchers note ETH is facing resistance at $3,620 and again at $3,700. Without a clear break over $3,750, any move toward $4,000 looks less likely in the short term. MACD momentum has turned bearish, and RSI remains under 50, pointing to more downside risk. A fall under $3,510 could open the way toward $3,420 and even $3,350.
This loss of momentum stands in clear contrast to the bullish run from earlier. With no strong catalysts and Bitcoin also slowing, Ethereum’s near-term outlook has shifted to neutral or bearish, leading traders to rethink its place among the top crypto coins right now for Q3.
Cardano Whales Add Sell Pressure as Price Weakens
Cardano (ADA) has kept sliding for a third week in a row, with price moving lower inside a bearish falling channel. A major factor is whale activity. Large holders with between 1 million and 100 million ADA have cut their positions by 390 million coins since July 24, adding to selling pressure.
Daily active addresses for ADA have grown to over 31,000, yet this rise has not turned into stronger volume. Transaction levels fell to $744 million from a July high of $1.69 billion, showing weaker on-chain demand. Technical readings add to the caution. RSI has dropped to 40, and MACD has turned bearish on the 4-hour chart.
The key support level ahead is $0.6884. If ADA fails to stay above it, the chance of a deeper slide increases. A “death cross” between EMA signals is also near, which could push further downside risk. While long-term prospects remain, Cardano’s short-term view is still under pressure, and focus is shifting elsewhere.
BlockDAG Gains Attention with $0.0016 Stage and BTC Auction
While Cardano and Ethereum face slow price movement, BlockDAG has moved into focus with a presale that has raised more than $368 million. The current stage, number 29, offers BDAG coins at $0.0016. This price will end after August 11, when BDAG moves to $0.0276, marking a 17x jump before its $0.05 exchange launch.
The current push is not only about the price stage. The 10 BTC auction running now has created extra urgency. All buyers are entered automatically, and buying more increases the chance to win a share of the Bitcoin reward pool. Along with strong demand and growing visibility, the auction is bringing more attention from those following top crypto coins right now.
BlockDAG’s setup is also drawing interest. It combines blockchain and DAG technology for fast and scalable transactions. It is EVM-compatible and offers a low-code smart contract builder, making it easier for developers to take part. Its X1 mining app has reached 2.5 million users, showing the scale of its future network. Confirmed listings on five exchanges, including MEXC and BitMart, add post-launch clarity.
With an active airdrop, a growing user base, and only three days before the price change, BlockDAG is gaining ground in real time. The new Dashboard V4 lets users test trading and check live performance, supporting transparency and practical use. It is offering features, rewards, and early access while ETH and ADA wait for clear market signals.
Key Market Shift
Ethereum’s loss of momentum and Cardano’s whale-driven selling have kept many traders cautious, but others are staying active. BlockDAG’s live presale, reward offers, and rapid growth are shifting focus. Its $0.0016 stage and BTC auction position it among the top crypto coins right now with a clear competitive point.
The next two days will be important. With Ethereum unable to break higher and Cardano still under sell pressure, BlockDAG is showing a mix of timing, access, and growth potential. With a 17x price change set after August 11, the clock may be the most important factor.
Join BlockDAG Presale Now:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
