
Ethereum at a Crossroads: Will It Fall to $2.2K or Rally to $3.3K After Bybit’s Turbulence?
Edited by Matt Waller
Crypto markets remain in flux as Ethereum (ETH) grapples with heightened volatility amid aggressive exchange actions and mixed whale sentiment. With technical indicators pointing to a potential dip toward $2.2K or a rally to $3.3K, investors are closely watching key support and resistance levels as Bybit’s recent market moves add further uncertainty.
Key Points:
Technical Setup: ETH is currently trading around $2,662, with support expected between $2,560 and $2,600. A breach could drive prices to approximately $2.2K, while sustained moves above $2,800 might trigger a rally toward $3.3K.
Bybit Activity: Over the weekend, Bybit purchased more than 100,000 ETH, but an increase in supply on centralized exchanges is sparking fears of fu...