Ethereum price surged 15%, climbing from $2,200 to $2,550 within a frenetic one-hour period on Sunday, March 2, after Trump confirmed ETH’s inclusion in the official Crypto Strategic Reserve. Ethereum (ETH) Price Soars 15% as Trump Confirms ETH Inclusion in Crypto Reserve Ethereum price action came under intense scrutiny over the weekend as markets reacted to Trump’s official confirmation of the much-anticipated Crypto Strategic Reserve. Notably, Trump had initially omitted ETH from the list of altcoins to be included in the strategic reserve bucket of assets. The announcement, which came around noon in the U.S. trading session, had featured only SOL, ADA, and XRP, sparking concerns that ETH was excluded due to recent network update squabbles and changes in leadership. “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum! – Donald Trump, via Truth Social, March 2, 2025 Within an hour, SOL, XRP, ADA, and Bitcoin prices all rose by double digits , while ETH remained rooted at the $2,200 level. However, nearly two hours after the initial announcement, Trump issued another post clarifying that both ETH and BTC were also included on the list of assets to be acquired by the United States Treasury. US President Donald Trump Confirms ETH Inclusion in Crypto Reserve Following this clarification, ETH price promptly joined the rally. Within one hour of Trump’s second post, Ethereum surged 15%, moving from $2,200 to reclaim territory above the $2,550 level. Bulls Establish 80% Dominance in ETH Derivatives Market Considering that XRP and Cardano have now recorded gains exceeding 20% at press time, ETH could potentially witness further upside, especially as U.S.-based investors holding ETH ETFs could mount major buy orders when markets reopen on Monday, March 3. Movements observed in the derivatives market show that some strategic traders deployed massive leverage on Sunday in hopes of booking amplified profits if the trading week begins on a positive note, as widely anticipated after Trump included ETH in the Crypto Strategic Reserve. Coinglass Liquidation Map data, which measures the real-time balance of leverage deployed on active long futures contracts against shorts, shows bulls established significant dominance on Sunday, hinting that the majority of traders are betting on further gains when markets reopen for the week. Ethereum Liquidation Map data, March 2, 2025 | Coinglass The ETH liquidation map chart above shows that bulls mounted a total of $1.14 billion at press time on Sunday, while short leverage has dwindled to just $333 million. This reflects that bulls now dominate the ETH market, with long leverage exceeding shorts by approximately 70%. Aligning with the trending news events, it appears short traders are opting to close out their positions early rather than risk bigger losses, as the current ETH price rally has the backing of the United States government. With the U.S. government set to begin the official process of purchasing ETH, BTC, SOL, and ADA, the current bullish setup in the derivatives market could persist. Unless another comparable bearish catalyst arises, ETH is poised to face weakened resistance levels as it approaches the $3,000 mark in the week ahead, as implied by the dwindling short positions in the derivatives market. Ethereum Foundation’s Leadership Shuffle also Lifted Market Sentiment Another key factor contributing to the positive swing in Ethereum’s market momentum was the leadership change announced by the Ethereum Foundation on Saturday, March 1. The Foundation appointed Hsiao-Wei Wang, a core researcher with seven years of experience, and Tomasz Stańczak, CEO of Nethermind, as co-Executive Directors. This leadership restructuring aims to enhance technical expertise and improve communication within the Ethereum ecosystem. Following recent controversies surrounding network updates, this leadership shuffle has lifted investor sentiment ahead of President Trump’s major announcement on Sunday. ETH Price Forecast: Falling Wedge Pattern Hints $4K Rally Ahead After intraday 15.72% gains, Ethereum price forecast charts continue to flash bullish signals for a potential rally towards $4,000 as March 2025 kicks off on a positive note. As seen below, the ETHUSDT 12-hour chart reveals a textbook falling wedge breakout, a historically strong reversal pattern. If confirmed by a decisive close above the upper trendline near $2,500, ETH price could advance further towards $3,000 mark, especially as the 70% bullish dominance in the derivatives market hints weaker resistance clusters at key price levels ahead. Typically, the falling wedge pattern projects a measured move equal to the height of the formation, with the current target signaling a potential ETH price rally toward $4,000 in the coming weeks. ETH Price Forecast The strong bullish candle on the breakout signals robust buying interest, reinforced by increasing volume, confirming the validity of the trend reversal. The price currently hovers around $2,514, with the next key resistance zone near $2,800, which previously acted as a supply zone. If Ethereum clears this level, momentum could accelerate toward the $3,200-$3,400 range, aligning with the upper bound of historical resistance. A sustained move above this threshold would validate the full breakout target near $4,000. On the flip side, failure to hold above $2,500 could invite selling pressure, potentially retesting the former resistance-turned-support level at $2,300. A break below this threshold might invalidate the bullish setup, opening the door for a deeper pullback. However, given the strength of the breakout, Ethereum bulls appear poised for further gains in the near term. The post Ethereum Price Gains 15% in 1 Hour as Trump Finally Confirms ETH for Crypto Strategic Reserve appeared first on CoinGape .
