UK Prosecutors Seek to Seize Over £137,577 in Assets from Drug Trafficker Costello
- Asset Seizure Action: UK prosecutors have initiated proceedings to seize all assets belonging to Craig Costello, including cash, property, and digital assets, with an estimated total exceeding £137,577, demonstrating a zero-tolerance approach to drug-related crimes.
- Illegal Profit Tracking: Investigators have traced approximately £1.6 million in illegal profits from drug trafficking to Costello, identifying payments into his bank account and £4,012.21 worth of Ethereum Classic, further revealing the criminal nature of his financial activities.
- Property Disposal Progress: The prosecution has disposed of Costello's five-bedroom home, with an equity value of £107,722, although financial disputes with his ex-wife remain unresolved, highlighting the complexities of legal proceedings in asset recovery.
- Cohorts' Asset Liquidation: Costello's three accomplices have repaid nearly £300,000 of their illegal profits, significantly less than the £4 million they earned, reflecting the economic consequences of drug trafficking and the severity of legal accountability.
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Technical Analysis for ETC
Technical Sentiment Analysis for Ethereum Classic (ETC) As of , Ethereum Classic (ETC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETC 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, ETC 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 Classic (ETC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.613 | 5.382 | 7.333 | 9.102 | 11.053 | 12.822 | 14.773 |
| Fibonacci | 5.382 | 6.803 | 7.681 | 9.102 | 10.523 | 11.401 | 12.822 |
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