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.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 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 crypto.
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 | 1443.029 | 1621.514 | 1791.419 | 1969.904 | 2139.809 | 2318.294 | 2488.199 |
| Fibonacci | 1621.514 | 1754.599 | 1836.819 | 1969.904 | 2102.989 | 2185.209 | 2318.294 |
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