Overview of Ethereum's Price Drop, Cardano's Future Projections, and Other Crypto News - August 1 Recap

The overall cryptocurrency market, including Ethereum (ETH) and Cardano (ADA), experienced a significant setback recently. ETH saw a 6% decrease, but continued interest from 'whale' investors and a decline in exchange balances suggest a potential recovery in the near future. Meanwhile, the ADA token faced an 8% decline, hitting its lowest since mid-July.

However, analysts remain positive, predicting a surge beyond $4 if the asset can overcome a key resistance at $0.92. Bitcoin (BTC) also experienced a drop, briefly falling below $114,500. Despite this, bullish predictions suggest a breakout to $145K-$150K is possible, supported by an oversold Relative Strength Index (RSI) indicating a potential resurgence.