Ethereum (ETH) has experienced a notable price increase, but this surge has been overshadowed by the hacking of the cryptocurrency exchange Bybit, which resulted in a loss of $1.4 billion. Observers in the cryptocurrency community have expressed concerns about the implications of this incident, labeling ETH as a 'cursed asset.' The hacking event occurred shortly after ETH began to gain bullish momentum, raising alarms about the potential consequences of recent market activity. Analysts are urging caution regarding further investments in ETH, suggesting that the recent price action may lead to more severe repercussions in the market.