Ethereum (ETH) Price Analysis and Forecast for February 26–28, 2025

As of February 26, 2025, Ethereum (ETH) is trading at approximately $2,380.53, reflecting a 1.45% decline in the last 24 hours. The daily high reached $2,530.78, while the low was $2,362.64.

Reasons Behind Ethereum’s Price Decline

1. Hack on Bybit Exchange – A recent attack resulted in the theft of $1.5 billion worth of ETH from Bybit’s digital wallet, shaking investor confidence in the security of crypto platforms. While Bybit secured customer funds and obtained loans to cover the losses, the incident triggered negative market sentiment.
   
2. Overall Crypto Market Sell-Off – Bitcoin’s drop below $90,000 has impacted the broader cryptocurrency market, including Ethereum. Investors are showing increased risk aversion, leading to a sell-off in digital assets.
   

Ethereum Technical Analysis

• Support Levels: $2,200, $2,000
• Resistance Levels: $2,500, $2,700

Ethereum is approaching key support at $2,200. A breakdown below this level could indicate further declines toward $2,000. Conversely, if ETH breaks above the $2,500 resistance, it could signal a potential rally toward $2,700.

Ethereum Price Forecast for February 26–28, 2025

Bullish Scenario

If Ethereum holds support at $2,200 and surpasses resistance at $2,500, further gains toward $2,700 are possible. Factors supporting this scenario include:

• Growing institutional interest, increasing demand while limiting token supply.
• Improving market sentiment, particularly if Bitcoin recovers.
  

Bearish Scenario

If Ethereum falls below $2,200, a correction toward $2,000 or lower could occur. Risk factors include:

• Further negative news regarding crypto platform security.
• Stricter regulations on cryptocurrencies.
• Macroeconomic concerns pushing investors away from riskier assets.

Investors should closely monitor both technical and fundamental indicators to make informed decisions in the coming days.