Ronin Network to Migrate to Ethereum on May 12, Reducing RON Inflation
- Migration to Ethereum: The Ronin Network will migrate to Ethereum on May 12 through a hard fork, concluding four years as an independent sidechain, which will reduce RON inflation from over 20% to below 1%, thereby enhancing long-term incentives across the ecosystem.
- Innovative Reward Mechanism: Sky Mavis will introduce a Proof of Distribution system that rewards ecosystem contributors based on measurable impact, tracking gas spend, user growth, and trading activity to automatically allocate rewards, ensuring a strong alignment between developers and network growth.
- Enhanced Network Security: This migration will integrate the Ronin Network into a more mature Ethereum blockchain environment, leveraging Ethereum's layer 2 tools and lower data availability costs to improve network security and efficiency, supporting future business growth.
- Increased Marketplace Fees: Sky Mavis plans to expand treasury inflows through staking allocations and sequencer revenue while increasing marketplace fees to bolster treasury growth, providing robust financial support for the sustainable development of the Ronin Network.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 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 | 2035.795 | 2128.078 | 2219.805 | 2312.088 | 2403.815 | 2496.098 | 2587.825 |
| Fibonacci | 2128.078 | 2198.369 | 2241.796 | 2312.088 | 2382.379 | 2425.806 | 2496.098 |
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