TrustedVolumes: Exploited for $5.9M

Blockchain security firm PeckShieldAlert reports that decentralized exchange TrustedVolumes fell victim to a major exploit, draining approximately $5.9 million in assets, including $3.02 million in ETH, $1.37 million in WBTC, and 1.47 million in stablecoins. The attacker swiftly converted the loot into 2,513 ETH, marking another blow in the string of DeFi hacks that PeckShield has flagged over the past year, reminiscent of vulnerabilities exposed in platforms like those tied to trending tokens such as BTC and emerging projects in the crypto exploit alert landscape. This incident underscores persistent risks in DeFi security, fueling discussions on ETH price prediction and potential crypto market crash scenarios.

On the ETH 4-hour chart, price action clings to $2318.86 amid a clear bearish trend, with the EMA50 at $2336.41 acting as immediate overhead resistance while the EMA200 at $2267.51 provides deeper support that bulls must defend to avoid further downside. Momentum sits neutral with RSI at 43.01, but the MACD's death cross at 7.54 signals weakening buying pressure, and as price trades inside the Bollinger Bands—testing the lower support near $2318.55 without breaching the upper resistance at $2406.97—we're eyeing a confluence where volatility exhaustion could trigger a retracement to that EMA200 level before any reversal, especially if broader market jitters from exploits like this amplify selling in assets correlated to BTC.