Ethereum News: Price Analysis and Future Target Insights

A detailed look at Ethereum’s current market situation, price movements, and technical analysis for potential future targets.

Ethereum (ETH) Price Prediction for March 5

Currently trading at $2,195, Ethereum (ETH) has seen a 6.03% increase in the last 24 hours but is down 13.59% over the past 30 days. The short-term volatility is backed by increased trading volumes indicating fresh investor interest. The market is consolidating as Ethereum recovers from earlier corrections. From a technical perspective, ETH is trading within a defined range with key support levels around $2,150 and resistance between $2,300 and $2,350.

Phishing Scams Decline for Third Straight Month

Phishing scams have declined for three consecutive months, with losses dropping by 48% in February compared to the previous month. Between December 2024 and January 2025, losses fell from $23.58 million to $10.25 million, representing a 77% quarterly decline. Most significant losses in February occurred on the Ethereum network, including a $771,000 loss due to Address poisoning and a $611,000 loss due to a Permit. Crypto security experts warn users not to let their guard down as bad actors continue to prowl.

Bybit Asks ParaSwap DAO to Return Hack-Related Fees

Crypto exchange Bybit has submitted a proposal to the ParaSwap decentralized autonomous organization (DAO) asking for the return of fees associated with the biggest exchange hack in history. The proposal, posted on 3 March, seeks approval to freeze and send 44.67 wETH (currently $97,255) to Bybit. These funds are transaction fees that came from the hacker swapping stETH for ETH. Bybit has confirmed the legitimacy of the proposal and provided a LINK for further verification.

Ethereum’s Technical Indicators in 2024 vs. 2025

Crypto analyst Tony Severino has compared Ethereum’s price action in 2024 and 2025, using technical indicators such as Japanese candlestick, TD Sequential, and Parabolic SAR analysis. He noted that ETH’s 2024 candle made a lower high, while 2025’s candlestick is currently a bearish engulfing, entering 2023’s candle body. Yearly support is drawn at $735.