Ethereum Eyes $4K, AAVE Outlook Weakens, BlockDAG Trading Interface Goes Live
The post Ethereum Eyes $4K, AAVE Outlook Weakens, BlockDAG Trading Interface Goes Live appeared on BitcoinEthereumNews.com.
Crypto News Among the top crypto coins right now, several are showing notable shifts. Ethereum (ETH) price action has reached $3,600 and is pushing toward $4,000, while the Aave (AAVE) price forecast has turned negative after breaking a crucial trendline. At the same time, BlockDAG (BDAG) has made a notable leap forward by activating its new Dashboard V4, giving presale participants direct trading access before launch. With over $367 million raised, the presale now looks more like an early exchange experience, which has added to BlockDAG’s growing attention. Aave (AAVE) Price Forecast Weakens as Downside Risk Builds The Aave (AAVE) price forecast points toward continued pressure after the asset dropped below a major ascending trendline. Short interest has climbed, and on-chain indicators such as Spot Taker CVD remain bearish. This is supported by RSI readings below 50 and a lingering negative MACD crossover. Unless AAVE can recover above $282.84, the current outlook remains bearish. A close below $242 could lead to a decline toward $225, and momentum currently favors sellers. The Aave (AAVE) price forecast now aligns with a likely double-digit correction unless conditions shift. Ethereum (ETH) Price Action Approaches $4K as Analysts Track Long-Term Patterns Ethereum (ETH) price action has climbed back above $3,600, pushing the conversation toward whether a move to $4,000 is within reach. Analyst Benjamin Cowen anticipates possible short-term weakness into September, followed by a rebound forming a higher low. His long-term view estimates ETH reaching between $5,300 and $7,500 by the end of 2025, based on a harmonic “butterfly effect” pattern. However, ETH faces key resistance between $3,800 and $3,900, with support levels near $2,400 to $2,700. Until those upper levels are cleared, Ethereum (ETH) price action may continue mirroring previous consolidation periods. BlockDAG Turns Presale Into Live Trading With Launch of Dashboard V4 BlockDAG…
