Hundreds of EVM Wallets Drained in Phishing Attack, Losses Under $2,000
- Widespread Attack: An unidentified attacker has executed a large-scale phishing attack across multiple Ethereum Virtual Machine (EVM) compatible networks, draining hundreds of wallets with individual losses typically under $2,000, highlighting persistent vulnerabilities within the decentralized ecosystem.
- Phishing Tactics Revealed: The attacker likely utilized a spoofed MetaMask email to gain fraudulent access, employing automated methods for broad exploitation, which urges users to revoke smart contract approvals and maintain vigilance to mitigate risks.
- Connection to Trust Wallet Incident: This incident may be linked to the recent Trust Wallet hack that resulted in approximately $7 million in losses, indicating a potential connection between the two exploits and underscoring the need for enhanced security measures for crypto projects and users alike.
- Industry Warning: Experts suggest that the sophistication of the Trust Wallet hack, which involved access to source code, may indicate insider involvement, further emphasizing the ongoing cyber threats facing digital assets and prompting the community to act more diligently against potential risks.
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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 4 technical signals, shows that 1 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 | 729.717 | 1238.758 | 1696.557 | 2205.598 | 2663.397 | 3172.438 | 3630.237 |
| Fibonacci | 1238.758 | 1608.091 | 1836.265 | 2205.598 | 2574.931 | 2803.105 | 3172.438 |
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