Hackers Target Velocore and Steal Millions
- Hackers Target Velocore: The cryptocurrency exchange Velocore was hacked, resulting in a loss of around $10 million.
- Details of the Velocore Attack: Attackers targeted liquidity provider tokens and moved over 700 Ether to the Ethereum mainnet despite security audits by three different companies.
- Concerns and Actions Taken: Linea Blockchain experienced a pause during the attack, and discussions are ongoing with various parties, including freezing assets if necessary.
- Reimbursement for Investors: The team has not announced a roadmap for reimbursement or compensation for investors who lost money in the attack.
- Rising Crypto Exploits: Excluding this incident, $773 million worth of exploits occurred in the first six months of the year, with attackers stealing $51 million in May alone.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 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 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 | 1205.009 | 1476.405 | 1752.949 | 2024.345 | 2300.889 | 2572.285 | 2848.829 |
| Fibonacci | 1476.405 | 1685.718 | 1815.032 | 2024.345 | 2233.658 | 2362.972 | 2572.285 |
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