Despite a recent $1.5 billion hack on Bybit exchange, the company has continued to show confidence in Ethereum’s long-term value by acquiring over 212,000 ETH worth approximately $574 million. This comes shortly after the incident involving stolen funds and a breach of security protocols. The hackers have moved around 100,000 ETH quickly through THORChain, converting them into Bitcoin, DAI and other cryptocurrencies. However, experts believe this recent activity suggests a potential for Ethereum’s price to surge towards $10,000. Technical analysis by CryptoRover indicates signs of bullish momentum with an ascending triangle pattern in the ETH/USDT chart on Binance.