Bithumb Suspends 12 Asset Transfers for Arbitrum Upgrade on Jan. 8
- Transfer Suspension: Bithumb will suspend deposits and withdrawals for 12 digital assets at 09:00 UTC on January 8, 2025, to support a critical upgrade to the Arbitrum network, aiming to ensure user fund security and optimize network performance.
- Affected Assets: The suspension impacts assets including ARB, ETH, and GMX, requiring users to complete necessary transfers before the suspension to avoid fund loss, highlighting the exchange's commitment to user fund safety.
- Trading Status: While deposits and withdrawals are paused, trading on Bithumb's internal order books will continue normally, demonstrating the exchange's operational flexibility during the upgrade period.
- Market Reaction: Market analysts note that such technical suspensions typically do not cause significant price volatility and are viewed as neutral operational events, while the upgrade itself may enhance the value and utility of the Arbitrum ecosystem in the long run.
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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 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 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 stock.
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 | 623.393 | 1185.596 | 1704.243 | 2266.446 | 2785.093 | 3347.296 | 3865.943 |
| Fibonacci | 1185.596 | 1598.481 | 1853.562 | 2266.446 | 2679.331 | 2934.412 | 3347.296 |
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