Arbitrum DAO Proposal to Release $71M ETH Gains Overwhelming Support

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 08 2026

AAVE-3.329%

SAFE-1.4100001%

ARB-3.479%

Explore Agentic TradingLet AI Trade for You

High Proposal Support: The Arbitrum DAO proposal to release $71 million in frozen ETH tied to the Kelp DAO exploit received over 90% backing, indicating strong community consensus on the recovery plan.
Funds Management Plan: The proposal aims to transfer 30,765 ETH into a multisig wallet managed by Aave Labs, Kelp DAO, Certora, and EtherFi, ensuring the security of the funds and facilitating subsequent recovery efforts.
Legal Risks Persist: Despite the proposal's support, the frozen ETH faces legal claims related to unpaid terrorism judgments against North Korea, which could impact the final release of the funds.
Recovery Plan Shortfall: Even if the proposal passes, the recovery plan still faces a gap of approximately 76,127 rsETH, currently valued at about $174.5 million, highlighting the ongoing challenges in restoring funds under the DeFi United initiative.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like AAVE with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for AAVE

Technical Sentiment Analysis for Aave (AAVE). As of , Aave (AAVE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 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	75.205	78.877	82.855	86.527	90.505	94.177	98.155
Fibonacci	78.877	81.8	83.605	86.527	89.45	91.255	94.177

About AAVE

Aave is a decentralized finance protocol that allows people to lend and borrow crypto.Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on AAVE?

Get Started Free