ETHZilla Sells 24,291 ETH and Shifts Focus to Real-World Assets
ETHZilla's Strategic Shift: ETHZilla has exited its digital asset treasury strategy, selling $74.5 million in Ether to pay down debt and focus on real-world asset tokenization.
Discontinuation of mNAV Dashboard: The company will discontinue its mNAV dashboard but will continue to provide balance sheet updates to investors, having liquidated significant amounts of Ethereum in recent months.
Decline of Digital Asset Treasuries: The digital asset treasury trend is losing momentum, with many firms experiencing declines in their market-to-net asset value ratios, indicating a potential bubble in the market.
New Partnerships for RWA Tokenization: ETHZilla is partnering with Zippy, Inc. to tokenize real-world assets like loans, acquiring a stake in the company as part of its pivot to this new business model.
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Technical Analysis for PIPE
Technical Sentiment Analysis for Pipe Network (PIPE) As of , Pipe Network (PIPE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PIPE 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, PIPE 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 $-.
Pipe Network (PIPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00173 | 0.00976 | 0.0152 | 0.0233 | 0.0287 | 0.0368 | 0.0422 |
| Fibonacci | 0.00976 | 0.0149 | 0.0181 | 0.0233 | 0.0284 | 0.0316 | 0.0368 |
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