Trump Announces ‘Crypto Strategic Reserve
Ethereum witnessed a significant price surge on Sunday, March 2, 2025, after former President Trump’s announcement that ETH would be incorporated into the U.S. Crypto Strategic Reserve. The cryptocurrency’s price soared from $2,200 to $2,550 within a single hour post-announcement.
The day commenced with ambiguity, as Trump’s initial statement only detailed SOL, ADA, and XRP as part of the strategic reserve assets. This exclusion raised temporary market worries regarding Ethereum’s position, especially considering recent discussions about network updates and leadership transitions.
However, Trump subsequently clarified through a post on Truth Social, asserting, “And of course, BTC and ETH, being valuable cryptocurrencies, will be central to the Reserve. I also have a great appreciation for Bitcoin and Ethereum!”
The market reaction was swift and robust. While other cryptocurrencies began their rise after the initial announcement, Ethereum’s value remained stable at $2,200 until Trump’s subsequent clarification. Once the confirmation was received, ETH rapidly participated in the broader market rally.
Data from the derivatives market indicates strong purchaser confidence. As per Coinglass Liquidation Map information, bulls have secured a dominant position with $1.14 billion in long positions against only $333 million in shorts, exhibiting an approximate 70% market prevalence by bulls.
The optimistic price movement follows closely after a significant leadership announcement from the Ethereum Foundation. On Saturday, March 1, the Foundation appointed Hsiao-Wei Wang, an experienced core researcher, and Tomasz Stańczak, the CEO of Nethermind, as co-Executive Directors.
This alteration in leadership seeks to enhance technical proficiency and improve communication within the Ethereum ecosystem. The timing of this announcement, occurring just prior to Trump’s confirmation, contributed to fostering a favorable market atmosphere.
Technical Analysis
Technical indicators also back the bullish trend. The ETHUSDT 12-hour chart reveals a falling wedge breakout pattern, typically seen as a robust reversal signal. This pattern implies potential movement toward the $3,000 level in the near future.
Trading volume has significantly surged, reinforcing the validity of the trend reversal. Currently, the price trades around $2,514, with the next major resistance level close to $2,800, a former supply zone.
If Ethereum sustains its upward momentum above $2,500, analysts indicate it could aim for the $3,200-$3,400 range. Conversely, if the price dips below $2,500, it may retest support at $2,300.
The U.S. government’s intended cryptocurrency acquisitions impact extends beyond Ethereum. Other digital currencies included in the strategic reserve announcement, such as XRP and Cardano, have recorded increases exceeding 20%.
Market participants are anticipating additional buying momentum when U.S.-based ETF investors resume trading on Monday, March 3. Many traders have strategically positioned themselves with leverage, expecting ongoing favorable price movements.
The current market structure reveals decreasing resistance levels as ETH nears $3,000, bolstered by a reduction in short positions within the derivatives market.
The amalgamation of government endorsement, institutional interest, and technical factors has engendered a notably favorable trading environment for Ethereum and other key cryptocurrencies as March 2025 commences.
At the time of writing, ETH continues to be traded above $2,500, preserving the gains attained following Trump’s clarification regarding its inclusion in the U.S. Crypto Strategic Reserve.
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