292 million USD — that’s the value of the dispute in the lawsuit KelpDAO filed against LayerZero and CEO Bryan Pellegrino over an rsETH bridge vulnerability. LayerZero denied all allegations. But no matter who’s right, confidence in cross-chain infrastructure has been cut with one sharp blow.
$ETH is at 2,694.5 USD (+1.40%/24h). I see the price is pushing into a resistance zone, but volume doesn’t confirm—this is the kind of drift up on momentum, not real buying pressure. If capital flows out of the related Restaking protocols, the nearest support zone will be tested very quickly.
I’m not opening any new positions with ETH here. Let’s see how price reacts when it retests the resistance zone—whether volume increases or not, and then we’ll talk again.
Chart $ETH below—everyone, pay attention to the volume in the resistance area. 👇
#ETH #DeFi #Ethereum #Security
$ETH is at 2,694.5 USD (+1.40%/24h). I see the price is pushing into a resistance zone, but volume doesn’t confirm—this is the kind of drift up on momentum, not real buying pressure. If capital flows out of the related Restaking protocols, the nearest support zone will be tested very quickly.
I’m not opening any new positions with ETH here. Let’s see how price reacts when it retests the resistance zone—whether volume increases or not, and then we’ll talk again.
Chart $ETH below—everyone, pay attention to the volume in the resistance area. 👇
#ETH #DeFi #Ethereum #Security
