Chainlink and Backed Introduce Bridge for Tokenized Equities
xBridge Launch: Backed Finance has launched xBridge, a cross-chain bridge for tokenized stocks (xStocks), enabling their movement between Ethereum and Solana while accurately reflecting corporate actions like dividends and stock splits.
Chainlink's Role: The bridge utilizes Chainlink's Cross-Chain Interoperability Protocol (CCIP) to ensure secure and consistent asset behavior during transfers, maintaining data integrity across blockchains.
Pilot and Expansion Plans: Currently in pilot mode, xBridge supports over 50 xStocks and plans to expand to additional networks such as Mantle and TRON, following its partnership with Kraken.
Transaction Volume: Since its introduction in June, xStocks have achieved over $10 billion in total transaction volume, highlighting the growing interest in tokenized equities.
Get Real-Time Alerts for Any Crypto Movement
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 | 734.244 | 1241.022 | 1701.084 | 2207.862 | 2667.924 | 3174.702 | 3634.764 |
| Fibonacci | 1241.022 | 1610.355 | 1838.529 | 2207.862 | 2577.195 | 2805.369 | 3174.702 |
About ETH
About the author









