Ethereum Price Drops 5% Amid Bearish Altcoin Sentiment While Nexchain Presale Surges with AI-Powered Blockchain
Ethereum (ETH) has seen a reversal in market momentum, dropping 5% to $2,420 after breaching a critical support level, which has deepened bearish sentiment across the broader altcoin sector. Despite this downturn, Ethereum’s Layer-1 and Layer-2 stablecoin trading volumes remain robust, surpassing $11 trillion in 2025, with bot-driven transactions rising significantly to $480 billion in May. In contrast to the price weakness in major altcoins, the Nexchain (NEX) presale has gained traction, advancing to its 17th stage and raising over $3.9 million, up from previous rounds. Nexchain distinguishes itself with an AI-powered Layer-1 blockchain capable of 400,000 transactions per second, low fees, and security verified by a Certik audit and KYC-cleared team. The NEX token is currently priced at $0.066 in presale, targeting a listing price of $0.30, offering potential early investors an anticipated 455% ROI. Nexchain’s growing momentum highlights a trend of capital shifting from established altcoins like ETH into early-stage, high-utility projects showing strong fundamentals. Crypto traders should monitor further volatility in ETH and consider emerging opportunities in presale tokens with advanced technology and strong investor interest.
Bearish
The news highlights a significant price drop in Ethereum (ETH), breaking a crucial support level and triggering wider bearish sentiment within the altcoin market. This indicates short-term downside risk for ETH and related tokens. However, substantial trading volumes in stablecoins and increased interest in early-stage projects like Nexchain suggest a rotation of capital rather than total market exit. Nexchain’s presale success and technical innovations hint at bullish prospects for select new projects, but the overall market tone, particularly for large-cap altcoins like ETH, remains bearish in the near term due to price weakness and loss of technical support.