The post Ethereum News, Avalanche Upgrades, and BlockDAG Nears $72 Million Presale appeared on BitcoinEthereumNews.com.

As the crypto market picks up steam from its recent downturn, the big question for 2024 looms: Which cryptocurrency offers the best buy? Ethereum faces bearish pressure, with prices hovering around key support levels and traders eyeing further declines. Meanwhile, Avalanche’s ambitious Avalanche9000 upgrade is set to reshape its multi-chain architecture, potentially driving recovery after encountering resistance near $20. Amid these movements, BlockDAG is drawing attention from whales, with millions flowing into its presale, sparking talk of potential for potential 30,000x returns.  BlockDAG Network Inspire Hopes of 30,000x ROI; While Ethereum Dips & AVAX Surges 16 Ethereum Slumps: Could Bears Push ETH Below $2,000? Ethereum prices are sliding, reflecting the broader weakness across top altcoins. While there’s hope for a rebound, recent market activity points to persistent selling pressure. Traders should watch for short opportunities if ETH rises but remains below the key resistance levels of $2,400 and $2,800. The daily chart shows bulls struggling to gain momentum, while aggressive bears continue to capitalize on late August losses. Over the last 24 hours, Ethereum has remained stable but is down 2% for the week. Prices are now within a bearish breakout pattern. With ETH hovering around $2,400 and trading volumes increasing on recent down days, sellers may have the upper hand, possibly pushing prices lower in the second half of the week. BlockDAG Network Inspire Hopes of 30,000x ROI; While Ethereum Dips & AVAX Surges 17 Avalanche Encounters a $20 Roadblock: Can Recovery Ensue? Avalanche has unveiled Avalanche9000, a significant network upgrade designed to enhance scalability, efficiency, and the deployment of Layer-1 subnets through customizable chains. Touted as the “largest network upgrade” since Avalanche’s mainnet launch in 2020, Avalanche9000 aims to boost the platform’s capabilities by refining its primary C-chain and expanding its multi-chain architecture. BlockDAG Network Inspire Hopes of…

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Filed under: News - @ September 11, 2024 7:15 pm