Ethereum declined below the $1,200 zone against the US Dollar. ETH is now at a risk of more losses if it fails to stay above the $1,150 support zone. Ethereum started a fresh decline from the $1,250 and $1,280 levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if there is a clear move below the $1,150…
Day: June 27, 2022
Ethereum Liquidity Provider XCarnival Recovers 50% Of Stolen ETH Through Negotiations
Ethereum ecosystem liquidity provider XCarnical has recovered 1,467 Ether (ETH) just a day after suffering an attack that cost them 3,087 ETH, worth about $3.8 million on their platform. The hack was first noticed by Peckshield, a blockchain investigator, as it came across a stream of transactions that eventually led to 3,087 ETH being stolen from the protocol. The blockchain investigative firm stated, “The hack is made possible by allowing a withdrawn pledged NFT to be still used as the collateral, which the hacker then exploits to drain assets…
Terra’s LUNA2 skyrockets 70% in nine days despite persistent sell-off risks
The price of Terra (LUNA2) has recovered sharply nine days after falling to its historic lows of $1.62. On June 27, LUNA2’s rate reached $2.77 per token, thus chalking up a 70% recovery when measured from the said low. Still, the token traded 77.35% lower than its record high of $12.24, set on May 30. LUNA2’s recovery mirrored similar retracement moves elsewhere in the crypto industry with top crypto assets Bitcoin (BTC) and Ether (ETH) rising by approximately 25% and 45% in the same period. LUNA2/USD four-hour price chart versus…