Why Is Ethereum (ETH) Price Dropping Today?

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Ethereum’s price has dropped following the Bybit hack and growing ETH hard fork rumors, among other reasons.

Ether price has slipped by over 5% within the last 24 hours toward $2,700 on Feb. 22.

Key catalysts driving ETH price lower today include:

A Bybit hack involving over $1 billion in ETH.

Growing rumors that the Ethereum Foundation may roll back the chain.

A prevailing bearish continuation setup.

Bybit hack pushes Ether’s price down

A major contributing factor behind Ether’s declines today is the $1.5 billion exploit of cryptocurrency exchange Bybit.

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