Yesterday, February 21, 2025, the cryptocurrency market was shaken by an unprecedented cyberattack. The Bybit exchange suffered a theft of approximately $1.4 billion worth of digital assets, mostly in Ethereum. This incident has been classified as the largest in the history of cryptocurrencies, surpassing previous events such as those of Poly Network and Binance. Despite the magnitude of the attack, Bybit assured its users that the funds are safe and that operations continue without interruptions.

As for the performance of $ETH , the cryptocurrency showed resilience in the face of the incident. According to data from Coinbase, the current price of Ethereum is $2,742.16 per ETH, with a trading volume of $15.70 billion in the last 24 hours. Although there has been a slight decrease of 2.05% in the last 24 hours, Ethereum has seen an increase of 1.07% in the last week. It is currently 41.92% below its all-time high of $4,721.07.

Despite the recent pullback, crypto market analysts maintain an optimistic outlook for Ethereum. With the growing adoption of layer 2 solutions and the possible approval of Ethereum-based ETFs, the cryptocurrency is expected to reach new all-time highs in the medium term. Additionally, the entry of institutional investors and a clearer regulatory environment could further boost its value.

In short, although the attack on Bybit created uncertainty in the market, Ethereum has shown strength and continues to be one of the top cryptocurrencies with a promising future.