Ethereum Rises Amid ByBit Purchases

💠Ethereum has gained 1.7% in the past 24 hours and 3.6% over the week, approaching the $2,800 mark. This occurred despite Bitcoin’s 0.5% decline, making ETH the only major cryptocurrency with positive momentum.

💠The growth coincided with massive ETH purchases by ByBit following a recent hack in which 500,000 tokens were stolen. ByBit acquired 106,498 ETH worth $295 million, increasing buying pressure.

💠Analysts predict Ethereum could rise to $4,000, with long-term targets reaching $15,000, expecting a repeat of past bullish cycles.