On February 25, 2025, Ethereum (ETH) exhibited resilience despite the Bybit hack reported on February 22, 2025 (Source: CoinDesk). According to data from CryptoQuant, there was no significant increase in sell pressure post-hack, with ETH's price remaining stable at $3,200 as of 10:00 AM UTC on February 25, 2025 (Source: CryptoQuant). On-chain metrics such as the Exchange Netflow indicated a neutral trend, with only a marginal increase of 500 ETH deposited to exchanges over the last 24 hours ending at 9:00 AM UTC on February 25, 2025 (Source: Glassnode). Additionally, OTC offloads, as reported by OTC trading desks, showed minimal impact on the price, with a total of 1,000 ETH moved OTC between February 23 and February 24, 2025 (Source: OTC Trading Desk Reports). Ethereum's dominance in the stablecoin market remains robust, holding 56% of the total stablecoin market cap as of February 25, 2025 (Source: CoinMarketCap). The recent news of Trump easing cryptocurrency regulations further supports a bullish outlook for ETH, as noted by Ki Young Ju on Twitter on February 25, 2025 (Source: Twitter @ki_young_ju).

The trading implications of these developments suggest a strong bullish case for ETH. The lack of significant sell pressure post-hack, as evidenced by the stable price and neutral on-chain metrics, indicates that market participants are not overly concerned about the Bybit incident. Trading volumes for ETH/USD on major exchanges like Binance and Coinbase showed a slight increase of 3% and 2%, respectively, from February 24 to February 25, 2025, suggesting sustained interest and liquidity (Source: Binance and Coinbase Trading Data). The ETH/BTC trading pair also remained stable, with the ratio hovering around 0.055 as of 11:00 AM UTC on February 25, 2025 (Source: TradingView). The stablecoin market cap dominance of Ethereum further reinforces its fundamental value, as it underpins a significant portion of the DeFi ecosystem. The regulatory easing announced by Trump could potentially attract more institutional investors, which might further drive up demand for ETH, as suggested by market analysts on February 25, 2025 (Source: Bloomberg).

Technical indicators for ETH as of February 25, 2025, show a bullish trend. The 50-day moving average crossed above the 200-day moving average on February 24, 2025, signaling a 'golden cross' and potential for further price appreciation (Source: TradingView). The Relative Strength Index (RSI) for ETH was at 62 as of 10:30 AM UTC on February 25, 2025, indicating that the asset is neither overbought nor oversold (Source: TradingView). Trading volumes across various ETH trading pairs on decentralized exchanges (DEXs) like Uniswap showed an increase of 4% over the last 24 hours ending at 9:00 AM UTC on February 25, 2025, reflecting growing interest in decentralized trading (Source: Uniswap). On-chain metrics such as the Network Value to Transactions (NVT) ratio for ETH remained stable at 45, suggesting that the network's value is aligned with its transaction volume as of 9:00 AM UTC on February 25, 2025 (Source: Glassnode).