Aave Community Approves V4 Proposal for Ethereum Launch
- Governance Proposal Support: The Aave community showed overwhelming support for the V4 proposal with over 645,000 votes in favor during Monday's vote, indicating broad backing for the upgrade despite previous tensions within the DAO.
- Proposal Advancement: This voting outcome will advance the proposal to the Aave Improvement Proposal stage, which is necessary for the binding on-chain vote required to deploy and activate V4 on Ethereum, marking a critical step in the governance process.
- New Structural Design: The V4 protocol features a hub-and-spoke structure designed to maintain shared liquidity in 'Hubs' while allowing 'Spokes' to define separate borrowing markets with their own limits and risk settings, thereby enhancing risk control across different markets.
- Increased Governance Alignment: The voting results suggest that Aave governance is now more aligned on the path forward for V4, providing Aave Labs with a clearer route to seek final approval for Ethereum mainnet activation through the next governance stage.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AAVE
Technical Sentiment Analysis for Aave (AAVE). As of , Aave (AAVE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AAVE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AAVE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aave (AAVE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 83.035 | 93.822 | 103.425 | 114.212 | 123.815 | 134.602 | 144.205 |
| Fibonacci | 93.822 | 101.611 | 106.423 | 114.212 | 122.001 | 126.813 | 134.602 |
About AAVE
About the author
