Ethereum Network Activity Surge: Alarming Connection to Address Poisoning Attacks Revealed
- Surge in Network Activity: Ethereum's network saw daily transactions nearing 2.9 million in May 2025, with 2.7 million new addresses created, representing a 400% increase over the previous month's average, indicating unusual network utilization potentially linked to malicious activities.
- Reduced Attack Costs: Following the Pectra upgrade in December 2024, Ethereum's average transaction fees dropped by over 60%, reducing the cost of large-scale address poisoning attacks from approximately $2.5 million to under $900,000, significantly lowering the economic barrier for malicious actors.
- Attack Pattern Analysis: Blockchain security firm Chainalysis noted that current address poisoning attacks exhibit organized characteristics, with transactions often involving minimal transfer amounts and batch transactions, highlighting a stark contrast to legitimate user activity and increasing security risks for users.
- Industry Response Measures: In response to the surge in address poisoning attacks, discussions within the industry have emerged regarding the establishment of security standards and user education initiatives to enhance user vigilance in address management, while improving analytical tools to identify potential attack activities, aiming to balance user protection with the decentralized nature of blockchain technology.
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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 | 732.999 | 1240.399 | 1699.839 | 2207.239 | 2666.679 | 3174.079 | 3633.519 |
| Fibonacci | 1240.399 | 1609.732 | 1837.906 | 2207.239 | 2576.572 | 2804.746 | 3174.079 |
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