Arbitrum Proposes Release of 30,765 ETH to Support DeFi Recovery
- Funding Release Proposal: Arbitrum governance has advanced a proposal to release 30,765 ETH through a DAO vote, aimed at supporting liquidity recovery for DeFi protocols affected by the Kelp DAO incident, which is expected to positively impact market stability.
- Liquidity Shortfall Issue: The Kelp DAO exploit released 116,500 rsETH, resulting in a shortfall of approximately 76,127 rsETH valued at nearly $174.5 million, with the proposed ETH release only partially alleviating this liquidity stress.
- Coordinated Response Across Protocols: Multiple protocols, including Mantle and Lido DAO, have pledged around 43,000 ETH to mitigate spillover risks across interconnected DeFi systems, showcasing the industry's collaborative spirit and enhanced crisis management capabilities.
- Governance Structure Transparency: The proposal stipulates that the ETH will transfer to a 3-of-4 Gnosis Safe wallet secured by entities like Aave Labs after governance approval, ensuring transparency and security in fund usage, while a Snapshot temperature check adds oversight before execution.
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 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
About the author
