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The Ethereum price dropped over 1% in the last 24 hours to trade at $2,722 as of 11:16 p.m. EST on trading volume that rose 50% to $23.9 billion. This retracement in the ETH price comes after Bybit received approximately 446,879 ETH, valued at $1.23 billion, to address the losses from the recent hack. The support came through loans, whale deposits, and ETH purchases, with the influx of funds allowing Bybit to nearly close the financial gap created by the breach, which was valued at $1.25 billion. Latest Update: Bybit has already fully closed the ETH gap, new audited POR report will be published very soon to show that Bybit is again Back to 100% 1:1 on client assets through merkle tree, Stay tuned. https://t.co/QLa1vOujM6 — Ben Zhou (@benbybit) February 24, 2025 Ethereum Price Analysis: Potential Breakout Or Continued Consolidation? The ETH price has experienced a significant price movement over the past few months. The altcoin’s daily chart illustrates a clear roundi...