Verus Protocol Ethereum Bridge Exploited for $11.58 Million
- Attack Method Revealed: The hacker exploited the Verus Ethereum bridge by deceiving it with fake cross-chain transfer instructions, resulting in a fraudulent transfer of at least $11.58 million in cryptocurrency, highlighting significant security vulnerabilities within the protocol.
- Funds Flow Analysis: According to Blockaid's monitoring, the hacker transferred 1,625 Ether (ETH), 147,659 USDC, and 103.57 tBTC v2, which were subsequently converted into Ether, demonstrating the hacker's strategic approach to fund movement.
- Vulnerability Assessment: Blockchain security firm ExVul noted that the attack utilized a
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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 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 | 1787.989 | 1898.645 | 2010.199 | 2120.855 | 2232.409 | 2343.065 | 2454.619 |
| Fibonacci | 1898.645 | 1983.529 | 2035.97 | 2120.855 | 2205.739 | 2258.18 | 2343.065 |
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