Ethereum and Dogecoin Prices Plunge as Digitap Presale Hits $2M Amid Market Downturn

The cryptocurrency market remains entrenched in a bearish phase, with Ethereum (ETH) and Dogecoin (DOGE) leading the declines. According to CoinMarketCap data, ETH has fallen 11.3% over the past week, dipping to a low of $3,061 and battling to hold the $3,200 support zone. The 14-day RSI sits at 34, signaling reduced bearish pressure, while the Fear and Greed Index has dropped to 10, indicating extreme investor fear.

Analysts offer mixed recovery outlooks: Cas Abbe projects ETH could surge to $5,200 after the December 3 Fusaka upgrade, referencing a 53% price jump during the Pectra upgrade. Marzell notes that ETH must break above $3,180 and $3,350 resistance levels to fuel a bullish run toward $4,050 long-term.

Dogecoin has mirrored the downturn, declining 11.2% weekly and clinging to the $0.155 support. For a rebound, DOGE needs to surpass $0.165 and $0.175, but a break below $0.15 could exacerbate losses. BitGuru anticipates a short-term rise to $0.18, while Waleed Ahmed forecasts a potential climb to $1.10.

In contrast, the Digitap ($TAP) presale is gaining momentum, raising $2 million with 123 million coins sold. Priced at $0.0313, it will increase to $0.0326 in the next stage before launching at $0.14—a 347% jump. The project features an all-in-one fintech platform with cross-border payments, Visa partnership, zero-KYC access, and staking rewards of up to 124% APR. Security audits by Coinsult and SolidProof add credibility, with analysts tagging it for 100x growth due to its utility-focused ecosystem.