Ethereum Name Service Faces Security Breach
- Attack Overview: On April 17, a sophisticated social engineering attack compromised eth.limo, where the hacker impersonated an insider to gain control of EasyDNS registration, putting nearly 2 million Ethereum domains at risk and temporarily suspending services.
- Attack Details: The attacker initiated a recovery request that rerouted eth.limo's domain name servers, causing severe interruptions; although the team quickly restored the account after verifying fraudulent access, the impact was significant.
- Security Measures: The DNS Security Extensions (DNSSEC) played a crucial role in this incident by using digital signatures to authenticate DNS data, ensuring that users suffered no losses as the attacker failed to breach the signing keys, marking all illegitimate server responses as invalid.
- Future Plans: EasyDNS CEO Mark Jeftovic plans to transition eth.limo to a more secure platform, Domainsure, and while the technical details of the attack remain undisclosed, future security measures will be enhanced to address the rising threat of similar attacks.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 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 | 1888.609 | 2031.804 | 2178.519 | 2321.714 | 2468.429 | 2611.624 | 2758.339 |
| Fibonacci | 2031.804 | 2142.55 | 2210.969 | 2321.714 | 2432.46 | 2500.879 | 2611.624 |
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