Ethereum Price Forecast: ETH Traders Bet on $3,000 Rebound as Tim Beiko Discusses Bybit Hack Solutions

Quick Summary:

Ethereum price rallied 8% to reclaim territories just above $2,800 on  Sunday, February 23, propelled by speculations that resolutions to the Bybit’s 401,346 ETH hack could inadvertently trigger a bullish impact.

The recent two-day bullish move of 8.04% shows that buyers are in control, but the 8.03% drop from a previous move highlights lingering volatility.

Despite the severity of the breach, Bybit swiftly reassured users, restoring withdrawals and ensuring no customer suffered direct losses.

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Author / Journalist: ibrahim

Category: Crypto

Markets: India

Topics: Ethereum Price Analysis Price Analysis ETH price Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-23 @ 22:17:58 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 562 words

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Sentences: 44 lines

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Copyright Owner: © CoinGape

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