Curve Finance Launches Llamalend v2 on Optimism
- Lending System Upgrade: Curve Finance has launched Llamalend v2 on Optimism, which supports isolated lending markets and non-crvUSD borrowing pairs, marking the first phase of a lending system upgrade ahead of a planned Ethereum mainnet rollout later this year.
- LP Token Collateralization: Users can now utilize Curve LP tokens as collateral while continuing to earn trading fees from liquidity pools, enhancing the connection between lending activities and Curve's exchange infrastructure, with potential future support for other yield-bearing collateral types.
- Governance Approval Mechanism: The initial rollout includes three isolated markets (ETH against wstETH, wstETH against USDC, and WBTC against USDC) with borrowing caps set to zero, requiring users to wait for governance votes to approve borrowing limits, which is expected to take about seven days.
- Incentive Program: Curve has introduced a 250,000 OP token incentive program for this launch, expected to be distributed over two months to encourage liquidity and participation, while also distributing 100,000 OP tokens through Merkl across the first markets to further boost market activity.
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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 5 technical signals, shows that 1 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 | 1241.44 | 1373.56 | 1510.75 | 1642.87 | 1780.06 | 1912.18 | 2049.37 |
| Fibonacci | 1373.56 | 1476.436 | 1539.994 | 1642.87 | 1745.746 | 1809.304 | 1912.18 |
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