Bybit Hack and ETH Decline

🔴The hack of the Bybit exchange has become one of the largest in cryptocurrency history—hackers stole $1.46 billion worth of Ethereum. The sell-off of the stolen coins led to a 5% drop in ETH.

🔴Analysts believe Bybit may compensate for the losses by buying back assets on the market. This could create bullish pressure and push the price up, but the exchange has not yet made an official statement.

🔴Technical indicators signal market weakness. RSI has declined, and DMI shows increasing selling pressure. If the drop continues, ETH could fall to $2,551, but in case of recovery, a rise to $3,020 is possible.