As of March 2, 2025, Ethereum (ETH) is trading at approximately $2,225.70, reflecting a slight decrease of 0.017% from the previous close.
Recent developments impacting Ethereum include a significant security breach where North Korean hackers, identified as the Lazarus Group, stole $1.5 billion worth of Ethereum from the crypto exchange Bybit. This incident has raised concerns about the security of cryptocurrency platforms and has contributed to increased market volatility.
Additionally, Ethereum's price has experienced a substantial decline, marking its worst weekly performance since 2022. The cryptocurrency is approaching a two-year low, with analysts emphasizing the importance of maintaining support at the $2,000 level to prevent further downturns.
In response to these challenges, Ethereum developer Danny Ryan has joined Etherealize as a co-founder. This organization aims to promote the Ethereum ecosystem to institutional investors, potentially enhancing Ethereum's adoption and stability in the long term.
Overall, Ethereum is navigating a period of heightened security concerns and market fluctuations, with ongoing efforts to bolster its ecosystem and investor confidence.