Will Ethereum’s struggles continue? Risk-taking hits lowest levels since 2024 – BitRss

• Ethereum’s risk appetite drops, indicating caution in the market and slower growth ahead.
• The Bybit hack seems to have had a relatively mild impact, overshadowed by broader market shifts.

Ethereum’s [ETH ($2,807.16)] resilience is being tested as recent events, including the rumored Bybit hack, shift market sentiment.

Surprisingly, the sell-off following the potential security breach had less impact than the 3rd of February market downturn, which remains more influential despite unclear causes.

Beneath these short-term fluctuations, a deeper concern emerges: Ethereum’s risk appetite has been steadily declining since March 2024.

While reduced risk-taking may reduce liquidations and foster accumulation, it also signals a sluggish market. With ETH hovering around key levels, the question is whether it can maintain its position or face prolonged uncertainty.

The Bybit hack: A minor event in the larger picture?

Despite concerns over the potential Bybit hack, data suggests ETH’s sharpest declines in recent months were tied to broader risk-off moves…