Ethereum Holds Steady as Bybit ETH Reserves Rebound After Lazarus Hack

Ethereum remains stable at $2,795 despite the $1.4 billion Lazarus Group hack on Bybit. ETH balances on Bybit have rebounded to over 200,000 ETH ($558M) after dropping to 61,000 ETH on Friday. The increase suggests that Bybit may be buying ETH to restore confidence or that users are returning funds after the exchange committed to covering all stolen assets. However, technical indicators suggest a bearish trend, with the next key support at $2,155 unless ETH breaks above $3,085.