Ethereum Foundation Forms PQ Team, Launches $2M Initiative for Quantum Security
- PQ Team Formation: The Ethereum Foundation has established a dedicated Post Quantum (PQ) team led by cryptographic engineer Thomas Coratger to address potential threats from quantum computing, thereby enhancing Ethereum's long-term security strategy.
- Funding Initiatives: The foundation has launched a $2 million initiative for post-quantum cryptography, including the $1 million Poseidon Prize and $1 million Proximity Prize, focusing on strengthening the Poseidon hash function, demonstrating its strong commitment to quantum security.
- Developer Sessions Initiated: Ethereum will hold biweekly developer sessions focused on post-quantum transactions, covering cryptographic protections, account abstraction pathways, and leanVM integration, ensuring the protocol is resilient against potential vulnerabilities introduced by quantum computing.
- Industry Collaboration Enhanced: Coinbase has formed an advisory board to assess quantum risks, aiming to collaborate with experts in quantum computing, cryptography, and blockchain security, further solidifying Ethereum's leadership in post-quantum blockchain security within the broader crypto community.
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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 | 733.002 | 1240.401 | 1699.842 | 2207.241 | 2666.682 | 3174.081 | 3633.522 |
| Fibonacci | 1240.401 | 1609.734 | 1837.908 | 2207.241 | 2576.574 | 2804.748 | 3174.081 |
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