Lido DAO Reduces wstETH Bridge Support Across Nine Networks
- Bridge Service Adjustment: Lido DAO has announced the withdrawal of official support for wstETH bridge services across nine blockchain networks, including zkSync, Mantle, and Polygon PoS, while users can still hold and transfer wstETH on these networks, ensuring asset security remains unaffected.
- Operational Streamlining Strategy: This move reflects Lido DAO's ongoing efforts to simplify its cross-chain strategy and reduce operational complexity, allowing for more efficient resource allocation and improved security oversight by focusing support on a smaller set of networks.
- Impact on DeFi Ecosystem: As one of the most widely used liquid staking tokens, wstETH's presence across multiple chains has facilitated lending and yield-generating applications; although this adjustment does not disrupt existing integrations, it may prompt developers to reassess their reliance on Lido's official bridge infrastructure.
- User Asset Security: Lido DAO confirmed that all wstETH tokens on the affected chains remain valid and secure, with no user action required, and the bridge services will continue to operate, ensuring users can smoothly transfer assets back to Ethereum.
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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 6 technical signals, shows that 2 indicators are flashing buy, while 4 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 | 1211.244 | 1361.622 | 1506.894 | 1657.272 | 1802.544 | 1952.922 | 2098.194 |
| Fibonacci | 1361.622 | 1474.56 | 1544.334 | 1657.272 | 1770.21 | 1839.984 | 1952.922 |
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