Notional Finance: Escrow Hit by $1.7M Exploit

PeckShieldAlert flagged that Notional Finance escrow contract may have been exploited, draining $1.7M in DAI and USDC, with the attacker converting proceeds into 689.2 ETH before depositing into TornadoCash.

Over the past six months multiple DeFi protocols have faced similar drainage events, yet this one stands out for its rapid conversion into ETH amid ongoing ETH price prediction debates and Bitcoin volatility analysis that often precede crypto market crash fears. With price testing upper Bollinger resistance at $2532.88 while RSI sits at 63.58, a healthy retracement to the 50-EMA support at $2435.37 seems probable before further continuation, as the MACD golden cross at 10.02 keeps the broader bullish structure intact above the 200-EMA at $2222.2.