Ah, what a spectacle we have witnessed! The price of Ethereum, that fickle mistress, has soared a staggering 15%, leaping from $2,200 to $2,550 in a mere hour on this fine Sunday, March 2! All thanks to none other than our illustrious leader, Trump, who has finally confirmed ETHโs place in the grand Crypto Strategic Reserve. ๐
Ethereum (ETH) Takes Flight as Trump Gives His Blessing
Oh, the drama! Ethereum’s price was scrutinized like a wayward child over the weekend, as the markets reacted to Trumpโs long-awaited proclamation regarding the Crypto Strategic Reserve. One might say it was a soap opera of sorts!
Initially, our dear Trump had the audacity to exclude ETH from his list of favored altcoins, featuring only SOL, ADA, and XRP. This omission sparked a frenzy of speculation, as whispers of network squabbles and leadership changes filled the air. How scandalous! ๐ฑ
โAnd, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!โ
โ Donald Trump, via Truth Social, March 2, 2025
In a twist worthy of the finest playwrights, while SOL, XRP, and ADA danced in double-digit gains, ETH languished at $2,200. But lo and behold! Just two hours post-announcement, Trump clarified that both ETH and BTC were indeed included in the Treasury’s shopping list. What a plot twist! ๐ฅณ
With this revelation, ETH joined the party, surging 15% in a flash, reclaiming its rightful place above $2,550. Bravo! ๐
Bulls Dominate the ETH Derivatives Market Like a Comedy Troupe
As XRP and Cardano bask in their 20% gains, ETH stands poised for further ascension. U.S. investors, clutching their ETH ETFs, are likely to unleash a torrent of buy orders come Monday, March 3. The anticipation is palpable! ๐ค
In the derivatives market, strategic traders wielded their leverage like swords, hoping to slay the dragons of profit as the trading week dawns. The Coinglass Liquidation Map reveals that bulls have established a commanding presence, hinting that traders are betting on more gains. How delightful! ๐ญ
With bulls mounting a staggering $1.14 billion, while shorts dwindle to a mere $333 million, it appears the bulls are indeed the stars of this show! ๐
As the U.S. government prepares to purchase ETH, BTC, SOL, and ADA, the bullish setup in the derivatives market may continue to flourish. Unless, of course, another bearish calamity strikes! ๐
Leadership Shuffle at Ethereum Foundation: A New Cast of Characters!
In another twist, the Ethereum Foundation announced a leadership change that has lifted market spirits. Hsiao-Wei Wang and Tomasz Staลczak have been appointed as co-Executive Directors. A fresh cast to enhance the technical prowess and communication within the Ethereum realm! ๐ญ
This restructuring comes on the heels of recent controversies, and it seems to have brightened investor sentiment just in time for Trumpโs grand announcement. How fortuitous! ๐
ETH Price Forecast: A Falling Wedge and a $4K Dream!
With a dazzling 15.72% gain, Ethereumโs forecast charts are flashing bullish signals, hinting at a potential rally towards $4,000 as March 2025 begins with a flourish. What a promising start! ๐
The ETHUSDT 12-hour chart reveals a classic falling wedge breakout, a pattern that has historically signaled a strong reversal. If ETH closes above $2,500, we may very well see it gallop towards $3,000! ๐
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2025-03-03 02:07