Despite the hack, Bybit remains steadfast, taking recovery measures. This could improve investor confidence and stabilize the market.
Ethereum Price Has Already Risen by 6%
After dropping to $2,620, Ethereum has rebounded to $2,780 – an increase of over 6%. This indicates that the market is not panicking, and losses may recover faster than expected. If the overall crypto market continues to stabilize, a return to $3,000 is entirely possible.
Ethereum Price Prediction: $3,000 or Another Drop?
The price trend largely depends on whether the market maintains confidence in Ethereum. Two possible scenarios emerge:
* **Bullish Scenario:** If Bybit stabilizes and no further negative news emerges, Ethereum could soon reach the $3,000 mark again. A general crypto market recovery could further support this. * **Bearish Scenario:** If uncertainties about the stolen funds persist or panic selling occurs, Ethereum could come under pressure again. In this case, a drop to the strong support level at $2,500 is possible.
Ethereum Remains Volatile, But Recovery Hopes Are Rising
The Bybit hack hit Ethereum hard, but the swift recovery suggests that market confidence remains intact. Whether ETH soon reaches $3,000 again or drops towards $2,500 depends on overall market sentiment. Traders should closely monitor developments and apply risk management strategies to capitalize on market fluctuations. In any case, we can see a clear consolidation in Ethereum prices around a strong support area just above a price of $2,600. This often signals a move upwards provided that all other factors remain constant.
Despite the challenges faced by Ethereum, the market remains cautious. Investors are keeping an eye on market trends and hoping for positive developments.
