AscendEX Faces Liquidity Concerns Amid Withdrawal Delays
- Withdrawal Delays: Since June 26, 2026, numerous users have reported withdrawal requests pending for days or even weeks, highlighting severe liquidity issues that could undermine user trust and trading activity on AscendEX.
- Abnormal Hot Wallet Balances: ZachXBT has pointed out that AscendEX's hot wallets hold unusually low balances for major assets like ETH, USDT, and SOL, which, combined with withdrawal delays, may indicate liquidity constraints and operational stress for the platform.
- Slow Customer Support: Users have reported slow responses from AscendEX's customer support, with many only able to withdraw smaller amounts or specific tokens, exacerbating user anxiety and potentially leading to customer attrition.
- Impact of Past Security Incidents: AscendEX suffered a major hack in 2021, resulting in losses of approximately $78 million; although the platform claimed cold storage assets were secure, this historical incident may affect user confidence in its liquidity and security.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH 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, ETH 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 $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1211.376 | 1361.688 | 1507.026 | 1657.338 | 1802.676 | 1952.988 | 2098.326 |
| Fibonacci | 1361.688 | 1474.626 | 1544.4 | 1657.338 | 1770.276 | 1840.05 | 1952.988 |
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