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$361M Floods Into Crypto: What’s Behind ETH’s Surge and BlockDAG’s Surprise Move?

$361M Floods Into Crypto: What’s Behind ETH’s Surge and BlockDAG’s Surprise Move?

As the crypto market heats up, traders are eyeing some of the most dramatic moves in months. Ethereum is creeping toward the psychological $4K mark, Chainlink is battling critical resistance, and BlockDAG’s presale is dominating headlines with a record-breaking $361 million raised. But while the market watches for breakout signals, early-access innovations and shifting sentiment could give traders a crucial edge—if they’re ready to spot it.

Is Chainlink Ready for a Breakout or Due for a Pullback?

Chainlink (LINK) is the focus for many technical analysts after forming a classic double bottom. The price surged past $18 before pulling back for a critical retest—now, all eyes are on whether this level holds as new support. If LINK remains above $18 and buyer demand accelerates, analysts say the pathway opens toward the $24 level. However, if sellers regain control and price drops below $18, LINK’s recent rally could lose steam fast, putting last week’s gains at risk. Traders should pay close attention to volume spikes and price behavior at this key level—it’s a make-or-break zone with clear upside but rising risks.

Ethereum Inches Closer to $4K, but Resistance Remains Fierce

Ethereum (ETH) continues its cautious climb, now hovering near $3,940 with $4,000 in sight. Strong inflows from ETFs and renewed on-chain action have provided solid market support, keeping ETH above important moving averages and underlining its technical resilience. However, heavy resistance near $3,940 means the current range could break in either direction. A decisive move above this ceiling could launch further gains, while any pullback below $3,600 might drag ETH down toward $3,300–$3,400. For traders, the next sessions are critical: watch for strong volume on any breakout—or, if momentum fades, be ready for swift retracements.

BlockDAG’s Live Trading Dashboard: Early Access, Real Market Feel

BlockDAG (BDAG) is making early adoption more attractive by launching its full-featured trading dashboard—live before the official exchange launch. Presale participants can now execute real-time BDAG trades, monitor wallet balances, and track market depth just like on major exchanges. With over 24.7 billion BDAG already sold and $361 million raised, the project is building serious traction. The presale price of $0.0016 is locked until August 11, with a confirmed launch price of $0.05—potentially a 2,660% return from the presale entry. For traders, this is a rare window to stress-test trading strategies and build positions ahead of public listing. However, remember: high early returns always come with higher risks. Due diligence is essential.

Key Takeaway: Which Breakout Comes First?

ETH and LINK are both trading at pivotal levels. For ETH, watch the $3,940 resistance—breaking above could mean real upside, while a fall below $3,600 increases the risk of a major correction. For LINK, hold or loss of the $18 retest is your market signal: support means a shot at $24, failure means taking profits off the table. Meanwhile, BDAG’s unique presale trading gives early birds a rare shot at hands-on market action, but the rapid pace means price and opportunity may move fast.

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