Bitfinex Wallet Hacker Returns $19.3M To US Government Wallet
Hacker Breach and Fund Recovery: A hacker breached U.S. government wallets, stealing nearly $20 million in crypto assets from the 2016 Bitfinex hack, but returned approximately $19.3 million within a day, raising questions about wallet security and the hacker's motives.
Security Concerns and Measures: The incident highlighted vulnerabilities in the U.S. government's crypto asset management, prompting a swift transfer of remaining funds to a new secure wallet and calls for improved custodial practices amid rising cyber threats.
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Technical Analysis for ERG
Technical Sentiment Analysis for Ergo (ERG) As of , Ergo (ERG) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ERG 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, ERG 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 $-.
Ergo (ERG) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.25 | 0.292 | 0.333 | 0.376 | 0.417 | 0.46 | 0.501 |
| Fibonacci | 0.292 | 0.324 | 0.344 | 0.376 | 0.408 | 0.428 | 0.46 |
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