ETH Eyes $1,800 Breakout, XRP Futures Poised for CME Launch, and BDAG Presale Skyrockets
02.05.2025 01:08
The crypto market is abuzz with multiple catalysts as Ethereum, XRP, and BlockDAG take center stage. Strong wallet accumulation and fading selling pressure have set the stage for ETH to potentially break the $1,800 resistance, a move that could pave the way to the $2,000 level. Meanwhile, Ripple’s XRP futures are gearing up for a CME debut with contract sizes designed to meet the needs of both institutional and retail traders—supported by a 12% rise in open interest and a 141% yearly jump in derivative volumes. At the same time, BlockDAG is driving excitement through its innovative presale model. The launch of its Buyer Battles has transformed routine presale purchases into a competitive battle, which helped push its coin price from $0.0019 to $0.0262 while raising over $223 million and delivering early returns exceeding 2,500%.
The news highlights strong buying pressure with significant wallet accumulation and diminishing selling pressure, suggesting a bullish short-term outlook for ETH. The technical indicator of a critical $1,800 resistance followed by the potential jump to $2,000 if cleared signals immediate price momentum, although existing exchange inflows indicate some short-term caution. Historically, strong accumulation at key moving averages has led to rapid upward movements, making a continued price increase likely.
XRP is set to benefit from the upcoming CME product rollout with new contract sizes, which is expected to attract both institutional and retail participation. The rise in open interest and volume trends in the futures market indicate a positive short-term sentiment, with the potential for increased liquidity and more stable price moves over time. However, short-term volatility may persist until the official launch of these contracts.
BlockDAG’s presale is experiencing a meteoric rise, driven by its innovative Buyer Battles that mix discounted coin prices with large daily prize pools. The striking appreciation in coin price—from $0.0019 to $0.0262—and the impressive presale figures highlight robust investor enthusiasm, suggesting a strong short-term bullish momentum. While presale dynamics can be volatile, the use of gamification to urge participation is likely to sustain upward pressure until the official launch.
Sources
Ethereum Undervalued, XRP Nears $2.60 – BlockDAG Now Priced at $0.0019
theccpress.com
02.05.2025 01:00
ETH Price Targets $1,800 as BlockDAG’s Buyer Battles Ignite and XRP Futures Gear Up
bitcoininfonews.com
01.05.2025 17:00
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