Dolce & Gabbana face class action lawsuit after NFT delivery kerfuffle
- Class Action Lawsuit: A customer filed a class action lawsuit against Dolce & Gabbana and UNXD due to delays in delivering NFT products, resulting in a 97% loss in value.
- Allegations: The customer paid $6,000 for "DGFamily NFTs" that were delivered late, causing a significant drop in value. Additional digital assets meant for the metaverse were also delayed.
- Industry Concern: This case highlights challenges as physical goods transition to digital assets like NFTs, with different market dynamics and potential impact on companies and brands.
- Blockchain Connection: The Dolce & Gabbana NFTs were created on the Ethereum blockchain for the "D&G Metaverse," where similar NFTs have previously sold for millions of dollars.
- Response: Dolce & Gabbana has not provided an immediate response to inquiries regarding the class action lawsuit.
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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 | 732.999 | 1240.399 | 1699.839 | 2207.239 | 2666.679 | 3174.079 | 3633.519 |
| Fibonacci | 1240.399 | 1609.732 | 1837.906 | 2207.239 | 2576.572 | 2804.746 | 3174.079 |
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