An exploiter tied to KelpDAO borrowed over 82,600 ETH ($195M) from Aave using RSETH as collateral, triggering bad debt on the platform and prompting massive whale outflows. This slashed Aave's TVL from $26.396B to $20.114B—a brutal $6.28B decline—as players like MEXC yanked $431M, whale 0x7CD0 (potentially linked to Nonco) pulled $405.7M, and Abraxas Capital withdrew $392M. The fallout underscores DeFi exploit impact, rattling nerves in a market already eyeing crypto market crash risks and ETH price prediction volatility, especially with Bitcoin (BTC) hovering in correlated trends.

Zooming into the ETH 4h chart, price action clings to $2328.84 amid a bullish underlying structure where the EMA50 at $2314.78 acts as immediate support and the EMA200 at $2192.61 reinforces longer-term floors. Yet MACD flashes a bearish death cross at 3.45, signaling weakening momentum, while RSI sits neutral at 46.07—neither overbought nor oversold, leaving room for swings. Price trades snug inside Bollinger Bands, testing the upper resistance at $2435.55 without conviction, which confluence with the MACD divergence hints at a potential pullback to the lower band support of $2287.36 before bulls regroup for another leg up, assuming no broader DeFi shocks cascade into ETH.