2025-11-05 Wednesday

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Can the $3K Line Hold or Will It Break Next?

Can the $3K Line Hold or Will It Break Next?

The post Can the $3K Line Hold or Will It Break Next? appeared on BitcoinEthereumNews.com. The crypto market is in freefall, and Ethereum is one of the hardest hit.Following Bitcoin’s sharp decline under $100K, $ETH plunged over 13% in a single day, wiping out weeks of gains and reigniting fears of a deeper bear trend. Ethereum Price Crash Toward $3,000 $Ethereum crashed from around $3,600 to nearly $3,100, breaking several key support zones. The 200-day SMA at $3,370 has been breached, confirming a bearish trend continuation. ETH/USD 1-day chart – TradingView RSI has dropped to 43, indicating rising selling pressure but not yet fully oversold.MACD remains in negative territory, with widening divergence — a clear sign that momentum is still heavily bearish. Bitcoin Crash Triggered the Avalanche Bitcoin’s breakdown below $100K acted like a domino effect across all markets.Ethereum, BNB, Solana, Cardano, and Dogecoin all saw steep declines as liquidations exceeded $100 billion in 24h trading volume across top exchanges. Solana dropped 23%, Cardano lost 21%, and BNB tumbled nearly 10%.The entire crypto market capitalization has now fallen below $3.6 trillion. Ethereum Price Prediction: Key Levels to Watch for ETH If Ethereum fails to hold above the $3,000 mark, the next strong supports lie at $2,730 and $2,400.A rebound may occur if BTC finds stability near $100K, potentially sending ETH back toward $3,500.However, sentiment remains extremely bearish — and any short-term rally could face resistance near the $3,370–$3,800 range. Will Ethereum Price Recover? Both $Bitcoin and $Ethereum have entered dangerous territory.While the RSI readings suggest short-term exhaustion among sellers, macro factors — including liquidations, investor fear, and risk-off sentiment — continue to weigh on the market.Until $BTC reclaims $106K or $ETH climbs above $3,500, the crypto correction is far from over. Source: https://cryptoticker.io/en/ethereum-crash-deepens-can-the-3k-line-hold-or-will-it-break-next/
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BitcoinEthereumNews2025/11/05 06:40
Moonwell Protocol Loses $1M in Oracle Manipulation Exploit

Moonwell Protocol Loses $1M in Oracle Manipulation Exploit

The post Moonwell Protocol Loses $1M in Oracle Manipulation Exploit appeared on BitcoinEthereumNews.com. BlockSec Phalcon detects suspicious transactions targeting Moonwell contracts. Exploit stems from an incorrectly updated price feed from an off-chain oracle system. MEV bot possibly exploited an oracle issue, resulting in losses exceeding $1 million. On-chain threat detection platform BlockSec Phalcon has identified a series of suspicious transactions targeting Moonwell’s smart contracts. The platform issued an alert regarding the activity on Base and Optimism networks that resulted in losses exceeding $1 million. BlockSec’s analysis points to an issue with the token price feed for rsETH/ETH from the off-chain oracle. The exploit appears to have been carried out, possibly by a MEV bot that took advantage of incorrectly updated price data used by the protocol. ALERT! Our system detected a series of suspicious transactions targeting @MoonwellDeFi’s smart contracts on #Base and #Optimism. Our analysis indicates an issue with the token price (rsETH / ETH) feed from the off-chain oracle, which was exploited — possibly by a MEV bot —… pic.twitter.com/cNJFHI3xn3 — BlockSec Phalcon (@Phalcon_xyz) November 4, 2025 The attack exploited a vulnerability in how the protocol received and processed price information from external data sources. When the rsETH/ETH price feed failed to update correctly, the discrepancy between actual market prices and protocol prices created an arbitrage opportunity. MEV bots typically scan blockchain networks for profitable opportunities, including price discrepancies across protocols. In this case, the bot appears to have identified the oracle malfunction and executed transactions to extract value before the issue could be corrected. BlockSec noted that no direct contact method was available to reach the project team immediately. The platform requested that anyone with questions or relevant information reach out directly to them for coordination. The Moonwell incident follows a larger exploit targeting the Balancer protocol on November 3, 2025. That attack resulted in losses exceeding $70 million, making it…
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BitcoinEthereumNews2025/11/05 03:34