Buterin Withdraws 16,384 ETH to Support Open-Source Projects
- Funding Open-Source Projects: Ethereum co-founder Vitalik Buterin has withdrawn 16,384 ETH from his personal holdings to fund projects in secure hardware, privacy-first software, and decentralized finance, thereby advancing the development of truly open and verifiable technology.
- Ethereum Foundation Austerity: During this mild austerity period, the Ethereum Foundation is focusing on user self-sovereignty, security, and long-term ecosystem sustainability, ensuring a high-performance and scalable Ethereum ecosystem.
- Strategic Focus on Security Tech: Buterin is not only allocating funds but also engaging in special projects at the Ethereum Foundation, covering operating systems, blockchain infrastructure, and privacy-preserving apps, driving the development of projects like Vensa that focus on open silicon for security-critical applications.
- Vision Beyond Technology: Buterin insists that technology alone cannot achieve the goal, emphasizing the need to enable communities to operate safely and autonomously, ensuring that Ethereum's development aligns with protecting baseline infrastructure while promoting cooperative and non-exploitative networks.
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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 | 622.651 | 1185.225 | 1703.501 | 2266.075 | 2784.351 | 3346.925 | 3865.201 |
| Fibonacci | 1185.225 | 1598.11 | 1853.191 | 2266.075 | 2678.96 | 2934.041 | 3346.925 |
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