Ethereum (ETH) faced immediate volatility on Saturday after a remark from Ukrainian President Volodymyr Zelenskyy triggered a market reaction. Ethereum dropped 1.9% to $2,185 following the statement, highlighting investor sensitivity to geopolitical developments. Ethereum Faces Bearish Pressure As Sentiment Hits 12-Month Low – Can ETH Avoid Dropping Below $2,000? https://t.co/8ncqGw6Mby — X Crypto News (@pakjobsidea) March 1, 2025 However, Ethereum quickly rebounded, surging to an intra-day high of $2,277 amid optimism surrounding Trump’s upcoming Crypto Summit on March 7. Despite the brief recovery, Ethereum is now facing renewed downward pressure, as the extended trendline resistance around $2,275 has pushed the price back down to $2,185. Geopolitical Tensions Impact Crypto Markets; Impact on ETH The sudden drop in Ethereum’s price was attributed to rising geopolitical uncertainties following a tense meeting between Trump and Zelenskyy. According to reports, their discussion on Ukraine’s natural resource investment plan turned into a heated exchange, with Trump and U.S. Vice President J.D. Vance openly criticizing Zelenskyy. The situation escalated when Zelenskyy stated that he would not return to the White House, further adding to the market’s nervousness. Trump-Zelenskiy clash jolts markets: a heated exchange on war triggered a sell-off before stabilizing, acc. to @Reuters . A deal? Possible, but uncertainty looms. Bigger concerns: erased post-election gains, sliding growth stocks, and looming tariffs on Canada & Mexico. U.S.… pic.twitter.com/auQfbVHhgH — Kyrylo Shevchenko (@KShevchenkoReal) February 28, 2025 Financial analysts believe that investors reacted to the uncertainty by moving funds out of riskier assets, including cryptocurrencies. As a result, Ethereum’s decline below $2,100 marked its lowest level this year, raising fears of further downside if support at $2,000 fails to hold. Ethereum dropped due to Trump-Zelenskyy tensions. Investors pulled funds, pushing it below $2,100. If $2,000 breaks, more losses may follow. ETH Slips Ahead of Trump’s Crypto Summit Despite the initial losses, ETH swiftly regained momentum as positive news from the U.S. boosted investor confidence. Trump’s announcement of a Crypto Summit on March 7 sparked optimism regarding potential regulatory changes, leading to a surge in demand for digital assets. Bitcoin (BTC) also benefited, jumping from $78,000 to $86,500, while altcoins like Ripple (XRP) and Cardano (ADA) followed suit with notable gains. On March 7th President Trump will be hosting a crypto summit at the White House. It seems the public perception regarding crypto assets is about to be changed A pre curser event to XRP XLM and XDC running the rails of a completely new global financial system for humanity. pic.twitter.com/JQ5RG5syzM — DigitalG (@DigitalG15) March 1, 2025 At the time of writing, Ethereum is trading at $2,236.52, reflecting a 5.36% gain in the last 24 hours. The cryptocurrency’s 24-hour trading volume has surged to $22.97 billion, while its market capitalization stands at approximately $269.68 billion. This rapid recovery highlights the market’s sensitivity to both geopolitical risks and regulatory developments. Ethereum rebounded as Trump’s Crypto Summit announcement boosted confidence. Bitcoin surged to $86,500, with altcoins like XRP and ADA also gaining. ETH now trades at $2,236.52, up 5.36%, with a $22.97B trading volume. ETH/USD Outlook and Key Levels to Watch Market analysts caution that ETH’s price movements remain highly reactive to geopolitical news and upcoming regulatory discussions. If Ethereum sustains levels above $2,200, further upside momentum could push it toward the $2,300 resistance level. However, a break below $2,100 could expose the asset to renewed selling pressure, with $2,000 being a critical support zone. BTC Bull: Earn Real Bitcoin Rewards BTC Bull ($ BTCBULL ) is gaining momentum as a community-driven meme token that rewards holders with real Bitcoin. Unlike traditional tokens, BTC Bull airdrops BTC automatically when Bitcoin hits key price milestones, providing a compelling incentive for early adopters and long-term investors. BTC Bull offers a high-yield staking feature with an annual return of 154%, enabling users to generate passive income while contributing to the token’s ecosystem. The staking pool has reached 681,599,760 BTCBULL, emphasizing strong community participation. The reward system is strategically designed to maximize gains for investors. The BTCBULL presale is currently live, with tokens priced at $0.002385 each. So far, $2.89 million has been raised out of a $3.29 million target, signaling robust investor interest. With a price increase expected soon, now is an ideal time to invest in BTCBULL and benefit from its unique reward mechanism. The post Zelenskyy’s Comment Has Effect on Crypto Price: ETH Down 1.9% Immediately appeared first on Cryptonews .
