$ETH As of February 22, 2025, Ethereum (ETH) is trading at approximately $2,711.34, reflecting a 3.06% increase over the past 24 hours. Despite this uptick, ETH has experienced an 18.18% decline over the past month and is down 6.82% compared to its price one year ago.

Recent forecasts suggest a potential downward trend for Ethereum in the near term. Projections indicate that ETH could decrease by approximately 17.31% over the next five days, potentially reaching $2,255.40 by February 24, 2025.

In a significant security incident, the cryptocurrency exchange Bybit reported a hack resulting in the theft of approximately $1.5 billion in Ethereum tokens. This event marks one of the largest thefts in the digital asset industry's history. The stolen Ethereum was taken from Bybit's offline "cold" wallet, which is typically considered more secure than online "hot" wallets. Bybit's CEO, Ben Zhou, confirmed the theft and noted that the company is receiving a bridge loan from partners to compensate users for any unrecovered coins.

This security breach has raised concerns within the cryptocurrency community and may influence investor sentiment and market dynamics in the short term.