Shocking hack hits Ethereum wallets with ETH crisis at $2,300

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Ethereum also crossed $2,300, but the drain on the connected wallet sent new shocks to the already fragile market. The amount of damage is still there, but what has been confirmed so far is enough to worry even long-term investors.

BSCN reported on May 1 that assets from hundreds of Ethereum mainnet wallets, including wallets that have been missing for seven years, were transferred simultaneously to a single address. A pattern of events shows one attacker exploiting a potentially previously unknown vulnerability.

ETHEREUM WALLETS HAVE BEEN ENDED FOR ALL USES

Hundreds of Ethereum $ETH wallets, many inactive for years, were traced to the same Ethereum address, on the Coin Bureau. The activity shows the continuous use of the Internet.

Other affected wallets were… pic.twitter.com/vWe4xO2gpD

– BSCN (@BSCNews) May 1, 2026

Security investigators are currently working to trace the address and money flow, with reports that the operation is ongoing. The question remains: Is this just an event, or the first step to something bigger?

Will the price of Ethereum include $2,300 next week?

The current state of ETH does not provide much assurance; At $2,300, the stock is below the 5-day simple moving average (SMA) at $2,308, 10-day at $2,320, and 21-day at $2,312. More importantly, the 200-day moving average at $2,755 is sending sell signals. The only visible technical areas are the 50 and 100 day moving averages, which are currently providing little support from the bottom.

Indeed, Ethereum and the entire crypto market have been falling sideways for several months, reflecting the exhaustion of traders. However, exhaustion alone does not lead to a price reversal, even if the moving indicator shows a “buy” signal.

Derivatives add to the concern, as positions dominate futures, but negative stock prices indicate a lower sentiment behind these positions.

The upcoming move depends on ETH holding the $2,200 support. If it does, the price could stabilize above $2,300 and retest the $2,400 level. If we consolidate above $2,400, this opens a long way to the recovery targets at $2,700.

However, if the root cause of the vulnerability is not identified quickly, the cost of security will be reduced and the rate of leaving the network will be faster.

Bitcoin Hyper focuses on Bitcoin security

When the issue of the security of the Ethereum network is broken, capital does not stop, it flows. Currently, some of these resources are flowing to projects built on a strong technological foundation.

The Bitcoin Hyper ($HYPER) project is well known in this context as the first Phase 2 of Bitcoin to include the Solana Virtual Machine (SVM), providing sub-second execution and low-cost transactions, while maintaining the security of Bitcoin.

Hyper overcomes Bitcoin’s limitations of slow transactions, high fees, and lack of regulation by using a parallel architecture. The products have already been collected $32.5 million At the current price of $0.0136It is a staking opportunity available to early participants.

A note Shocking hack hits Ethereum wallets with ETH crisis at $2,300 appeared for the first time Cryptonews Arabic.

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