Crypto Hackers Capitalize on Market Crash to Purchase Ethereum with Stolen Funds
Market Volatility and Ethereum Drop: Ethereum's value dropped over 20% in one day, mirroring declines in global stock markets, with significant losses seen in Japan's NIKKEI and the S&P 500.
Hacker Activity and Liquidity Concerns: Hackers exploited stolen funds to purchase large amounts of Ether during the market downturn, while Jump Crypto's massive unstaking raised concerns about liquidity in the cryptocurrency market.
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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 | 732.071 | 1239.936 | 1698.911 | 2206.776 | 2665.751 | 3173.616 | 3632.591 |
| Fibonacci | 1239.936 | 1609.269 | 1837.443 | 2206.776 | 2576.109 | 2804.283 | 3173.616 |
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