Hacker: Buys 28,604 ETH With $65.6M Stolen Stablecoins

ZachXbt flagged a wallet that converted 65.616 million USDC into 28,603.8 ETH at roughly $2,279 per token, funds traced directly to the $106 million stablecoin theft from an EU entity across several centralized exchanges.

Price action on the 4h chart shows ETH at $2284.36 sitting inside the Bollinger Bands with the upper band at $2302.28 acting as immediate resistance and the lower band at $2219.89 as short-term support. The EMA50 at $2303.07 now functions as concrete resistance while the EMA200 at $2433.77 caps any larger recovery, keeping the structure bearish. RSI at 50.95 remains neutral yet the MACD golden cross at -3.81 hints at fading downside momentum, suggesting a possible quick test of the 50-EMA before the next directional move.