Ethereum Price Edges Closer to a 19% Crash as Bears Shatter Key Support

Three Things to Know Binance is racing to contain a security breach that touched billions of dollars in crypto, and the attacker is swapping loot into ether. Ether trades below both its 50-day and 200-day averages, with momentum still favoring sellers. A floor well under the hack-day low now decides whether the slide deepens toward a 19% drop. Binance froze part of the stolen funds after a major breach and pledged to cover all user losses. Elliptic tied the theft to North Korea. The attacker is converting some proceeds into ETH, adding supply to a token already down sharply this month. Traders now want to know whether buyers will defend the next floor, or whether hack-driven selling keeps pushing ether lower.

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