Ethereum experienced an 8% price rally, reaching just above $2,800 as of February 22. This surge is fueled by speculation around potential bullish outcomes resulting from the resolution of Bybit's 401,346 ETH hack. Traders are now optimistic about the possibility of Ethereum hitting the $3,000 mark.
Tim Beiko's discussions on potential solutions for the Bybit hack have further sparked optimism in the Ethereum community, potentially driving future price increases.