Bithumb Halts MEGA Deposits and Withdrawals for Mainnet Upgrade
- Deposit Suspension: Bithumb has announced a halt on MEGA deposits and withdrawals starting June 4 at 11:00 a.m. UTC to facilitate a mainnet upgrade aimed at enhancing network efficiency and security, while trading will continue as normal, urging users to prepare in advance.
- Trading Remains Active: During the suspension, MEGA trading will remain unaffected, allowing users to trade on Bithumb, but they must ensure to complete any deposit or withdrawal actions before the cutoff time to avoid transaction failures.
- Upgrade Context: Megaether is a token built on the Ethereum network, and this upgrade is likely intended to improve its network performance; although Bithumb has not specified the duration of the upgrade, similar maintenance typically lasts several hours to a full day.
- User Security Assurance: Bithumb has confirmed that users' MEGA balances will remain secure during the suspension, with only deposit and withdrawal services being paused, while trading and wallet balances will not be impacted, reminding users to stay informed about maintenance schedules to avoid inconvenience.
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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 4 technical signals, shows that 1 indicators are flashing buy, while 3 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 | 1310.434 | 1408.057 | 1537.794 | 1635.417 | 1765.154 | 1862.777 | 1992.514 |
| Fibonacci | 1408.057 | 1494.909 | 1548.565 | 1635.417 | 1722.269 | 1775.925 | 1862.777 |
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