Ethereum News Today: Ether Slips as Balancer Hacker Swaps ETH for BTC

Key Insights:

• Balancer hacker moves 1,100 ETH and swaps to BTC via THORChain, as per the Ethereum news today.
• ETH price shows weakness and fails to hold the $2,400 level.
• Analysts look for key support at $2,250 as bearish sentiment grows.

In the Ethereum news today, the ETH crypto price is facing fresh pressure amid the return of the Balancer hack attacker after five months of silence. The attacker has moved a portion of his stolen ETH funds to convert them into Bitcoin. This has raised fresh concerns, impacting the Ethereum price.

Ethereum News Today: Balancer Hacker Swaps ETH for BTC

According to the Ethereum news today, the attacker behind the Balancer hack has resurfaced. He transferred 1,100 ETH, worth $2.55 million, and converted it into Bitcoin via THORChain.

The Balancer incident, which occurred at the end of 2025, is still considered one of the biggest hacks in DeFi. By exploiting a vulnerability in the network’s smart contracts, the hacker stole more than $120 million in cryptocurrency.

For months, the hacker had gone completely silent, leading many to believe the funds were no longer being actively moved. However, this sudden return suggests otherwise and has put analysts and investors back on alert.

What stands out is the method being used. By using THORChain for his transactions, the attacker has chosen a path that will make it harder to trace his movements.

Rather than transferring large sums in a single attempt, he seems to have opted to split the total amount into smaller portions and make gradual transfers. This approach will make him less visible while exchanging his ETHs for BTC.

Taking everything into account, it appears like a clear attempt at laundering money. In contrast to most hackers who prefer speed over safety, this perpetrator is taking his time.

ETH Crypto Price Slips Today

Ethereum news today also reveals that the ETH crypto price is facing uncertainty. While the broader crypto market remains in the red amid global tensions, ETH is going with the trend.

As of press time, the ETH crypto is trading at $2,318, marking a slight surge of 0.3% in a day. Over the past week, the token has slipped by about 3%, despite a notable 6% monthly hike. This indicates that short-term sentiment around ETH remains weak. This is mainly because external pressures and security concerns continue to weigh on price action.

Investors have also adopted a careful attitude regarding the ETH cryptocurrency following the Ethereum news today. The 27% drop in trading volume over the past 24 hours is indicative of that. This substantial fall in trading activities suggests that investors neither buy nor sell their tokens.

Ethereum News Today: ETH Struggles to Hold Momentum

It is worth noting that the ETH crypto price is struggling to maintain its momentum amid the Ethereum news today. In a recent X post, analyst Ted wrote that ETH failed to hold the critical $2,400 level.

According to him, this shows signs of weakness in the short term. The rejection suggests that buyers are not strong enough right now to push the price higher.

The analyst further noted that the next key support level to watch is $2,250. If selling pressure continues, ETH crypto could revisit this level soon. If Ethereum price fails to sustain that support, it may see further declines, pushing the ETH crypto price to severe lows.

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