Ethereum edges higher as short-term momentum slows below $2,395 resistance

From tradersunion.com

Ethereum is trading at $2,313.84, marking a daily gain of 1.94%. The current price stands above its short- and medium-term moving averages, reflecting short-term bullish momentum. On April 18, a critical security breach occurred on Ethereum when an attacker exploited a bridge vulnerability on the LayerZero rsETH route, extracting 116,500 rsETH from the KelpDAO OFT adapter and exposing the Aave V3 protocol to a potential $230 million shortfall. This DeFi exploit triggered broader market instability, leading to a capital outflow exceeding $6.6 billion from Aave and raising concerns about cross-chain bridge security on ... (full story)