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Summary
Ethereum’s trading volume has surged by 6.79%, with recent price fluctuations and security concerns impacting the market.
Introduction
Ethereum (ETH) experienced a price dip to $3,259, causing concerns of a drop below $3,000. Despite rising by 1.93% to $3,375, ETH remains down 10.30% over the past month. Security issues have also emerged, including a hacking incident affecting the Ethereum network.
Main Points
During the past week, a whale withdrew a significant amount of ETH from Binance, signaling market activity. The Ethereum network faced security breaches, with unauthorized messages sent to subscribers. The foundation has since regained control and issued warnings about potential threats.
Conclusion
Ethereum’s RSI is at 40.01, indicating a potential for support or neutrality. Resistance levels at $3,300, $3,585, and $3,809 pose challenges for ETH price movements. Users are advised to remain cautious amid security concerns and market fluctuations.
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