Boundless Leverages Bitcoin for ZK Proof Verification, Enhancing Security
- Technological Innovation: Boundless has implemented zero-knowledge proof (ZK proof) verification on Bitcoin using BitVM and Citrea, ensuring that Bitcoin's core protocol remains unchanged, thereby enhancing security and neutrality, which strengthens its competitive position in the Layer 1 market.
- EVM Compatibility: Citrea, as a Bitcoin-native ZK-powered rollup, enables EVM-equivalent programmability for secure computations, ensuring that the integrity and security of the Bitcoin network remain intact without requiring protocol alterations.
- Token Ecosystem: The governance and staking token ZKC introduced by Boundless captures fees via vaults, and while specific funding details are undisclosed, its integration with Ethereum and Base indicates significant potential for expansion into other ecosystems like Solana.
- Future Outlook: Boundless is actively promoting ZK-powered composability in collaboration with DeFi protocols such as Stargate and Arbitrum Bridge; although there are currently no specific data on total value locked (TVL) or liquidity shifts, the potential for future developments remains optimistic.
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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 3 technical signals, shows that 0 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 | 733.851 | 1240.825 | 1700.691 | 2207.665 | 2667.531 | 3174.505 | 3634.371 |
| Fibonacci | 1240.825 | 1610.158 | 1838.332 | 2207.665 | 2576.998 | 2805.172 | 3174.505 |
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