Ethereum Foundation Prioritizes Post-Quantum Security Implementation
- Post-Quantum Team Formation: The Ethereum Foundation has established a new Post Quantum team with $2 million in funding to address the potential threats posed by quantum computing to existing blockchain cryptography, marking a significant shift from research to real-world implementation.
- Research Prize Launch: The foundation announced two $1 million research prizes, with the Poseidon Prize focusing on enhancing the security of the Poseidon hash function, while the Proximity Prize continues to fund hash-based cryptography research, which is considered one of the safest defenses against quantum attacks.
- Developer Coordination Enhancement: Multiple teams within the Ethereum ecosystem, including Zeam and Ream Labs, are collaborating with major consensus clients and holding regular meetings to ensure system compatibility, thereby enhancing the overall security of the network.
- Quantum Threat Response Plan: The Ethereum Foundation plans to release a clear transition guide at pq.ethereum.org to help the network achieve quantum resistance without downtime or loss of funds, demonstrating a strong commitment to addressing potential quantum breakthroughs in the future.
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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 | 622.651 | 1185.225 | 1703.501 | 2266.075 | 2784.351 | 3346.925 | 3865.201 |
| Fibonacci | 1185.225 | 1598.11 | 1853.191 | 2266.075 | 2678.96 | 2934.041 | 3346.925 |
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