Hacks, Scams Cost Crypto Over $1.2B in 2024, Says Immunefi
Crypto Industry Losses: The crypto industry has faced over $1.2 billion in losses due to hacks and scams in 2024, marking a 15.5% increase from the previous year, despite a significant drop in incidents during August.
Targeted Networks and Security Measures: Ethereum and BNB Chain were primarily targeted in August, with all reported hacks occurring on these networks; ongoing efforts by Immunefi highlight the need for enhanced security measures as hacks remain the leading cause of financial losses in the sector.
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 | 623.219 | 1185.51 | 1704.069 | 2266.36 | 2784.919 | 3347.21 | 3865.769 |
| Fibonacci | 1185.51 | 1598.394 | 1853.475 | 2266.36 | 2679.244 | 2934.325 | 3347.21 |
About ETH
About the author
