The altcoin market experienced significant fluctuations following the hack on Bybit. However, traders remain optimistic about a potential recovery, aided by Bitcoin's surge. This article examines the recovery prospects of Solana, Story, and Ethereum.
ETHDenver and Its Impact on Ethereum
Ethereum is at the forefront ahead of the ETHDenver 2025 conference, set to start on February 23. The event is expected to showcase new projects and developments in DeFi and Layer 2 technology, boosting interest in Ethereum.
Solana Price Analysis
Following the Bybit hack, SOL underwent a notable correction. It is currently trading at $171. A break below the EMA20 might lead to a drop to $160, while staying above $180 could pave the way for a rally to $219.
Story and Ethereum Price Analysis
Story fell to $4.46 after declining from $9. It may face resistance at $5.3. In contrast, Ethereum rebounded to $2,826 after the hack. A breakout above $2,850 may lead to an increase up to $3,300, while holding below $2,737 could trigger a drop to $2,300.
Prevailing optimism in the altcoin market suggests a potential recovery soon. Attention to events like ETHDenver and technical analysis can assist traders in making informed decisions in a volatile market.
