The KelpDAO exploiter just shifted 75.7K ETH—worth over $175 million at current prices—to two fresh addresses, as flagged by blockchain watchdog PeckShieldAlert. This move follows the initial exploit that drained funds from the liquid restaking protocol, raising alarms in the DeFi space where similar incidents have plagued projects like RaveDAO in recent months. Traders eye this as a potential sell-off signal, especially with ETH hovering in volatile territory amid broader crypto market crash fears.

On the 4-hour chart, ETH clings to a bullish structure with price at $2314.4 defending the EMA50 support at $2311.85 and well above the EMA200 at $2207.11, but the MACD's bearish death cross at -7.24 screams caution—hinting at weakening momentum that could drag us toward the lower Bollinger support at $2262.75. Neutral RSI at 47.38 keeps things in limbo, yet confluence here suggests a probe of that upper band resistance at $2386.3 might trigger exhaustion selling before any real upside resumption, much like the Bitcoin fakeouts we've seen in this cycle's ETH price prediction plays.