Just 17 days after the Drift protocol lost $285 million to hackers, DeFi faces another massive blow as KelpDAO got exploited for $293 million through a vulnerability that minted 116,500 rsETH tokens out of thin air. Attackers dumped most into Aave to borrow ETH, with smaller portions sold off, underscoring how DeFi hacks 2026 keep turning protocols into hacker ATMs amid lingering crypto market volatility.

As a senior macro-crypto prop trader scanning the tapes, ETH's 4-hour chart screams confluence of bullish structure clashing with bearish signals—price at $2346.43 clings above the EMA50 support at $2313.57 and EMA200 at $2187.34, affirming the uptrend, but that MACD death cross at 13.76 warns of incoming weakness. RSI hangs neutral at 49.15, no overbought fever yet, while price dances inside Bollinger Bands eyeing exhaustion at upper resistance $2433.89 or a dip to lower support $2297.72; I'd position for a retrace to EMA50 before resuming the grind higher, especially with BTC hype spilling over into DeFi exploit risks.