Ethereum Price Prediction: Another Exploit, Can ETH Survive This?

Ethereum briefly slipped below $2,300 as security concerns hit markets: a coordinated wallet drain moved assets from hundreds of Ethereum addresses (including wallets dormant for 7+ years) to a single address, suggesting an exploit. Researchers are tracking flows and activity is ongoing, increasing risk aversion. Technical indicators are weak — ETH sits below short-term SMAs (5/10/21) and well under the 200‑day MA — while futures show long-biased positioning with negative funding, signaling fragile conviction. If $2,200 support fails, further downside is likely; holding $2,200 could allow consolidation toward $2,400 and then $2,700.