Ethereum Surges to $2550 on Trump's Reserve Announcement

Ethereum (ETH) Price Surges to $2,550 Following Trump's Reserve Announcement

On Sunday, March 2, 2025, Ethereum (ETH) experienced a significant price increase, jumping from $2,200 to $2,550 within an hour. This dramatic rise followed former President Trump's confirmation that ETH would be included in the U.S. Crypto Strategic Reserve.

The day started with uncertainty as 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, with Ethereum's price quickly joining 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, helping to create a positive market environment.

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