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.

Many stimuli help recover the ether from its lowest levels, namely:

• The last update of Trump on the strategic reserve for encryption in the United States.

• Increase the ETH width between whales.

• 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:

• Trump directed the president’s working group on digital assets to include XRP (XRP)Solana (Teller), Cardano (Lead) In the strategic reserve for encryption.

• Trump added that bitcoin (BTCThe ether will be in the “heart of the reserve”.

• Being part of the national reserve strategy may suggest organizational clarity and institutional acceptance of ETH.

• Analysts are seen as a bullish reference to the long -term ETHEREUM role in the financial system,

• For example, the famous encryption analyst Poseidon expects a march to $ 4000 by April.

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:

• Great ETH (1K-10K ETH) holders intensified their accumulation ETH since January, data from Glassnode He appears.

Related to: The Pectra upgrade from ETAREUM can lay the basis for the next market gathering

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.

Main points:

• Ether Bears has failed to pay prices to less than $ 2,100-2,500 since December 2023.

• 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.

• 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.

• The breakdown over EMA can be sent for 50 weeks the price towards the upper limits of the prevailing rectangle pattern at about $ 4000.

• The H&S style is resolved when the price is broken without supporting the neckline and falls by the maximum pattern.

• 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.