Ethereum Stalls at $2.8K as Market Fluctuations Persist

Despite attempts to break through the $2.8K resistance level, Ethereum faces ongoing challenges in market sentiment. The recent announcement regarding Bybit’s reported hack appears to have exacerbated these struggles. While this event doesn’t solely trigger the price decline, it underscores how external factors can influence cryptocurrency pricing. Market volatility persists as traders navigate broader economic conditions and exchange-related developments.