Ethereum Researcher Virgil Griffith released from prison
Release from Prison: Ethereum researcher Virgil Griffith was released from prison on April 9, 2024, after serving time for violating US sanctions by lecturing on blockchain technology in North Korea. He will remain in a halfway house during his parole process.
Legal Proceedings: Griffith's legal battle began with his arrest in 2019 and included a guilty plea in 2021 for violating the International Emergency Economic Powers Act, resulting in a 63-month sentence that was later reduced to 56 months in July 2024.
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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 | 734.226 | 1241.013 | 1701.066 | 2207.853 | 2667.906 | 3174.693 | 3634.746 |
| Fibonacci | 1241.013 | 1610.346 | 1838.52 | 2207.853 | 2577.186 | 2805.36 | 3174.693 |
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