Ethereum experienced a 1% price drop in the past 24 hours, amid Bybit's efforts to reimburse losses post-hack.
Recent Ethereum Price Movements
Ethereum's price dropped over 1% in the last 24 hours, trading at $2,722, with trading volume rising 50% to $23.9 billion. This retracement came after Bybit received about 446,879 ETH, valued at $1.23 billion, to address losses from the recent hack.
ETH Price Prediction
The daily chart shows ETH consolidating around the $2,722 level after a downtrend. Ethereum needs to break through the 200-day and 50-day moving averages to confirm a recovery.
Best Wallet Presale Charging Towards $11 Million
Best Wallet is a Web3 wallet similar to Metamask, with unique features. The project is in its ICO phase and has already raised over $10.5 million.
Ethereum is at a crossroads: a breakout above critical resistance levels may lead to gains, while failure to break them could cause further decline.
