As of February 22, 2025, Ethereum

$ETH is trading at approximately $2,777.02, reflecting a slight increase of 0.037% from the previous close. The intraday high reached $2,792.69, with a low of $2,620.43.

Recently, Ethereum's price experienced a downturn, influenced by several factors. Notably, a significant security breach occurred on February 21, 2025, when the cryptocurrency exchange Bybit suffered a hack resulting in the theft of approximately $1.4 billion worth of Ethereum. This event has raised concerns about the security of centralized exchanges and has contributed to increased market volatility.

From a technical analysis perspective, Ethereum is at a critical juncture. After rebounding from the $2,500 support region, ETH faces significant resistance around the $2,900 level, which includes the 200-day moving average. A successful breach