<ul><li>Ethereum prices displayed resilience over the weekend, rapidly bouncing back from a slump following the massive hack of the Bybit crypto exchange.</li><li>ETH tapped $2,800 in late trading on Feb. 23, following a recovery, but has lost some steam since then once again.</li><li>Bybit received around 446,870 ETH worth around $1.23 billion through loans, whale deposits, and ETH purchases since the hack. Bybit co-founder and CEO Ben Zhou stated that the firm has already fully closed the ETH gap and will publish a new audited proof-of-reserves report soon.</li><li>Despite the initial recovery, ETH fell back to $2,740 during the Monday morning Asian session, but found support. It has been choppy, with resistance around $2,800 and support around $2,600, and has shown little signs of returning to the $3,000 level.</li></ul>

Ethereum Bounces Back as Bybit ‘Closes Gap’ on Hack Losses

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