NEWSLETTER
ethereum is quoted below the $ 2,700 brand after days of fighting to recover this level and exceed $ 2,800. The market has been dealing with a strong sales pressure, and the shocking news from the Bybit eth of $ 1.4 billion ETHBit trick added more uncertainty. This attack was an important event, which marked the greatest cryptography hack in history, which caused a fear wave that sent ethereum to lower demand levels. Investors are still cautious since the market evaluates the long -term impact of violation on feeling and liquidity.
Despite the initial panic, there are signs of recovery. Cryptoquant's key metrics reveal that Bybit's eth reserves are slowly recovering. The exchange has experienced positive net flows of 139,000 eth from the trick, suggesting that trust is gradually returning. This indicates that Bybit has managed to stabilize its platform, relieving the fears of a prolonged crisis.
Since ethereum is still quoted at critical levels, the market is closely observing if it can recover key resistance areas or face greater inconvenience. The next few days will be crucial to determine eth short -term address as buyers try to regain control amid the persistent hack uncertainty.
ethereum Price Holding in the middle of Bybit Hack
ethereum has been fighting as investors get tired of the mass sales pressure and the continuous negativity surrounding the second largest cryptocurrency. Since the end of December, the price of eth has been on a downward trajectory, without clear signs of a sustained recovery. The feeling remains bassist since ethereum continues to be merchant below the key levels of resistance, without gaining impulse for a bullish rupture.
In addition to this uncertainty, Bybit eth's trick on Friday shook the market further. The attack resulted in more than $ 1.4 billion to steal from the exchange, which makes it the greatest cryptographic pirate in history. This event fed the additional sales pressure as panic extended briefly throughout the market. However, Bybit's rapid response helped contain the situation and avoid a sales of a broader sale.
<a target="_blank" href="https://x.com/jjcmoreno/status/1893478601892270121″ target=”_blank” rel=”noopener nofollow”>Key data shared by Cryptoquant's The head of research, Julio Moreno, reveals that Bybit's eth reserves are slowly recovering. The exchange has seen positive flows of 139,000 eth from the trick, a sign that trust gradually returns. This is a positive indicator, which suggests that despite unexpected setbacks, the industry remains resistant.
While ethereum still faces key resistance levels, the recovery of Bybit's reserves signals that investors are recovering confidence. The next few days will be crucial to determine if eth can leave your bearish trend or continue with your fight.
Technical Analysis: Key Liquidity Levels
ethereum is quoted at $ 2,750 after days of fighting below the resistance level of $ 2,800 while maintaining support above $ 2,600. Indecision has dominated the price action for more than two weeks, leaving uncertain investors on the next movement. Prolonged consolidation suggests that eth is generating impulse for significant breakup in any direction.
If bulls can recover the level of $ 2,800 in the next few days, ethereum could push towards the $ 3,000 mark, which serves as a psychological and technical resistance. A rupture above this level would confirm a bullish investment and prepare the stage for a massive rally in higher supply areas. On the other hand, do not recover $ 2,800 and lose the $ 2,600 support could trigger another sales pressure round, which potentially sends eth at lower demand levels.
The feeling of the market remains divided, and some analysts expect ethereum to follow bitcoin's leadership to the new maximums, while others anticipate a greater disadvantage if the general cryptography market weakens. As volatility continues to decrease, merchants are closely observing any signal of an imminent break. The next main movement will probably determine ethereum's short -term address and establish the tone for performance in the coming weeks.
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