Hacker Wallet Loses 6.9 Million After Repurchasing ETH at 2,495

Wallet 0x17E0, suspected to be linked to hackers, recently incurred a significant loss of $6.9 million after repurchasing 4,958 ETH at a price of $2,495 per token. This transaction, totaling $12.37 million, occurred just 30 minutes ago and marked a steep reentry into the market at an increased valuation. The wallet initially received 12,282 ETH, valued at approximately $23.72 million, from THORChain and Chainflip three months ago. Shortly after receiving the assets, the wallet sold the entire amount at a price of $1,932 per ETH.

Based on current prices and the trading history, the wallet now holds a loss of roughly $6.9 million. This loss is a result of the wallet's decision to repurchase ETH at a higher price than the initial sale price. The current price of Ethereum is $2,461.98, down 0.62% in the past 24 hours. The 24-hour trading volume reached $17.3 billion, marking a 26.71% increase. The market cap currently stands at $297.2 billion. The price reached an intraday high of $2,501.80 before declining steadily throughout the session. Volume-to-market cap ratio is at 5.86%, showing moderate trading activity. The chart indicates increased volatility around midnight, which is later followed by a downward move.

Ethereum’s daily chart shows signs of stabilizing momentum as key technical indicators display early signals of a directional shift while ETH moves within an upward regression channel that began forming in mid-April. The MACD (12,26) line is currently positioned at 2.95, while the signal line trails at -18.84. The narrowing spread between the two values reflects decreasing bearish pressure on the price action. Although a crossover has not yet occurred, the declining histogram indicates a possible trend change approaching. Ethereum’s Relative Strength Index (RSI 14) stands at 49.21, while its moving average reads 45.94. These levels neutralize ETH, and the recent rebound of the RSI indicator will reflect a departure from oversold. The RSI was touched down close to 30 recently. Since the middle of April, Ethereum has constructed higher lows that bolster upward structure. Whenever the price is trading above the level of 2,200, the channel will still be holding. An established MACD cross and the perpetual uptrend of RSI could serve as a gateway to reach the level of $2,800 temporarily.