Why does Ethereum (eth) rise today?

Ether (Eth) 7 % jumped in 24 hours to about 2,350 dollars on March 3, when a short period was $ 2550 before achieving profits. Despite the recovery, it remains 13 % of a decrease of $ 2075 last week.
Eth/USD the four -hour graph. Source: TradingView
Many stimuli help recover the ether from its lowest levels, namely:
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The last update of Trump on the strategic reserve for encryption in the United States.
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Increase the ETH width between whales.
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Improving technologies, including strong support.
Trump to include ETH in the strategic reserve for encryption
The latest price increased from eTher is largely attributed Trump’s announcement of a strategic coding reserve in the United States.
What do you know:
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Trump directed the president’s working group on digital assets to include XRP (XRP)Solana (Teller), Cardano (Lead) In the strategic reserve for encryption.
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Trump added that bitcoin (BTCThe ether will be in the “heart of the reserve”.
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Being part of the national reserve strategy may suggest organizational clarity and institutional acceptance of ETH.
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Analysts are seen as a bullish reference to the long -term ETHEREUM role in the financial system,
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For example, the famous encryption analyst Poseidon expects a march to $ 4000 by April.
source: Poseidon topic
The whales of Al -Atoom wake up
Ether gains appear during the past 24 hours after a fixed increase in the ETH supplies.
Main meals:
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Great ETH (1K-10K ETH) holders intensified their accumulation ETH since January, data from Glassnode He appears.
Ethereum when net net chang (1K-10K ETH). Source: Glassnode
ETHEREUM Mega-Whale Net Net Change (10K+ ETH). Source: Glassnode
Related to: The Pectra upgrade from ETAREUM can lay the basis for the next market gathering
source: Coinvo
The ETH price bounces of multiple support
Ether gains appear today after testing a multiple accumulation area (the red zone), which historically led to counterattacks in the short term.
Eth/USD the daily price chart. Source: TradingView
Main points:
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Ether Bears has failed to pay prices to less than $ 2,100-2,500 since December 2023.
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The range includes the main support level in the form of the SIA moving average for 200 weeks (200 weeks; The Blue Wave), currently about $ 2300.
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As of March 3, the ether is recovering after the EMA test for 200 weeks as support, looking forward to a recovery extending towards EMA for 50 weeks at about $ 2910.
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The breakdown over EMA can be sent for 50 weeks the price towards the upper limits of the prevailing rectangle pattern at about $ 4000.
source: Peter Brandt
Eth/USD Brice Chart. Source: TradingView
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The H&S style is resolved when the price is broken without supporting the neckline and falls by the maximum pattern.
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If the current recovery fails, this technical base brings $ 1,360 as a major negative goal for Ethereum.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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