Arbitrum chain developers clawed back 30,766 ETH valued at $70.97 million from the KelpDAO hacker's wallet on the Arbitrum network. They executed a technical maneuver to shift these assets directly to a controlled address: 0x0000000000000000000000000000000000000da0. This recovery strikes a blow against crypto hacking exploits, echoing recent DAO security breaches like those in RaveDAO amid broader crypto market crash fears. Traders eye this as a positive signal for layer-2 resilience, potentially stabilizing ETH amid ongoing volatility.

Zooming into the 4-hour ETH chart, price action hovers at $2315.38, clinging to a bullish trend structure with the EMA50 at $2311.61 acting as immediate support and the EMA200 at $2205.7 providing a deeper floor for any pullbacks. Momentum sits neutral with RSI at 47.59, but the MACD's -7.83 reading flashes a bearish death cross, signaling potential short-term exhaustion. Volatility confines trading inside the Bollinger Bands, where the upper resistance at $2400.1 caps upside bursts while the lower support at $2257.61 guards against sharper drops—confluence here suggests ETH price prediction leans toward a consolidation phase before probing higher, especially if broader Bitcoin and BTC trends align.