On the daily chart, Ethereum ($ETH ) is trading at $1,877. The primary support zone lies between $1,800 and $1,850, while resistance is observed around $1,950 to $2,000. The Relative Strength Index (RSI) is at 45, indicating neutral momentum. A descending triangle pattern is forming, suggesting potential bearish pressure. However, a breakout above $1,950 could signal a bullish reversal.

Recent events have impacted Ethereum's market dynamics. A significant security breach occurred at Bybit, a Dubai-based crypto exchange, resulting in the theft of approximately $1.5 billion in Ethereum. This incident has raised concerns about exchange security and may influence investor confidence.

Additionally, former U.S. President Donald Trump proposed the inclusion of Ethereum in a strategic crypto reserve, alongside Bitcoin and other altcoins. This announcement has sparked discussions about Ethereum's role in national financial strategies and could affect its adoption and valuation.