The second largest Cryptocurrency, Ethereum (ETH), was seen making headlines. Unfortunately, the reason behind this was not so good. Prominent Cryptocurrency -Exchange Bybit was hit with a massive theft of $ 1.5 billion in Ethereum. In the middle of this hack, the price of Altcoin was seen sinking. February has been a challenging month for the asset when it dipped under $ 3,000. The Community hopes that ETH could witness a change in the trend and go over $ 3,000 in March 2025.
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How far is Ethereum from the $ 3000 level?
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In order to recover $ 3,000, Ethereum must increase by over 11%. When Bybit was seen closing the gap on its hack loss, the access was able to start recovery. On February 24, Lookonchain stated that the exchange since the theft had received approximately $ 446,870, valued at approximately $ 1.23 billion, through loans, electoral deposits and ETH purchases.
Latest update: Bybit has already completely closed ETH gap, the new audited POR report will be published very soon to show that village bit is again 100% 1: 1 on client assets through Mercle Tree, stay updated. https://t.co/qla1voujm6
– Ben Zhou (@Benbybit) February 24, 2025
Marsh price prerequisite
According to data from Coincex, Ethereum will really recover the land of $ 3,000. With a predicted change of 5.17% from current prices, analysts expect the price of ETH to increase in March. On average, the asset can be approximately $ 2,839.73, with a high of $ 3,440.79 and one was $ 2,277.10. In addition, the potential return on the investment is 27.43%.
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