Ethereum experienced a dramatic price increase on Sunday, March 2, 2025, following former President Trump’s confirmation that ETH would be included in the U.S. Crypto Strategic Reserve. The cryptocurrency’s value jumped from $2,200 to $2,550 in just one hour after the announcement.
The day began with uncertainty when Trump’s initial announcement only mentioned SOL, ADA, and XRP as part of the strategic reserve assets. This omission led to temporary market concern about Ethereum’s status, particularly given recent network update discussions and leadership changes.
However, Trump later clarified the situation through a post on Truth Social, stating, “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!”
The market response was immediate and powerful. While other cryptocurrencies had already begun rising after the first announcement, Ethereum’s price remained steady at $2,200 until Trump’s clarification. Once the confirmation came through, ETH quickly joined the broader market rally.
Data from the derivatives market suggests strong buyer confidence. According to Coinglass Liquidation Map data, bulls have established a commanding position with $1.14 billion in long positions compared to just $333 million in shorts, representing approximately 70% market dominance by bulls.
The positive price movement comes just days after a major leadership announcement from the Ethereum Foundation. On Saturday, March 1, the Foundation named Hsiao-Wei Wang, a seasoned core researcher, and Tomasz Stańczak, CEO of Nethermind, as co-Executive Directors.
This leadership restructuring aims to strengthen technical expertise and improve communication within the Ethereum ecosystem. The timing of this announcement, just before Trump’s inclusion confirmation, helped create a positive market environment.
Technical Analysis
Technical indicators also support the bullish trend. The ETHUSDT 12-hour chart displays a falling wedge breakout pattern, traditionally considered a strong reversal indicator. The pattern suggests potential movement toward the $3,000 mark in the near term.
Trading volume has increased notably, supporting the validity of the trend reversal. The price currently trades around $2,514, with the next major resistance level near $2,800, a previous supply zone.
If Ethereum maintains its momentum above $2,500, analysts suggest it could target the $3,200-$3,400 range. However, if the price falls below $2,500, it might retest support at $2,300.
The impact of the U.S. government’s planned cryptocurrency purchases extends beyond Ethereum. Other cryptocurrencies included in the strategic reserve announcement, such as XRP and Cardano, have recorded gains exceeding 20%.
Market participants anticipate additional buying pressure when U.S.-based ETF investors return to trading on Monday, March 3. Many traders have positioned themselves with leverage in anticipation of continued positive price action.
The current market structure shows diminishing resistance levels as ETH approaches $3,000, supported by declining short positions in the derivatives market.
The combination of government backing, institutional interest, and technical factors has created a notably positive market environment for Ethereum and other major cryptocurrencies as March 2025 begins.
At press time, ETH continues to trade above $2,500, maintaining the gains achieved after Trump’s clarification about its inclusion in the U.S. Crypto Strategic Reserve.
