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Defense attorneys reportedly requested a mistrial as jurors said they weren’t close to reaching a verdict in the case involving a $25 million Ethereum exploit.
💡 DMK Insight
The request for a mistrial in the Ethereum exploit case could shake investor confidence in ETH, especially with it currently at $3,443.50. Traders should be wary of potential volatility as the case unfolds. If jurors are struggling to reach a verdict, it may signal deeper issues within the Ethereum ecosystem that could affect market sentiment. This situation could lead to increased selling pressure, especially if the verdict leans negative, which might push ETH below key support levels. On the flip side, a favorable outcome could trigger a short-term rally, but that’s a risky bet given the uncertainty. Keep an eye on ETH’s price action around $3,400; a break below could open the door to further declines. Conversely, if it holds above this level, it might attract buyers looking for a dip. Watch for any updates on the trial, as they could serve as catalysts for price movement in the near term.
📮 Takeaway
Monitor ETH closely around the $3,400 level; a break could signal further downside, while stability might attract buyers amid trial developments.
