News 
March 6, 2025 
3 min. 
Ethereum (ETH) is at a critical point, trading around $2,295 after a strong 14% rebound in the past 36 hours. With the highly anticipated White House Crypto Summit just days away, investors are speculating whether ETH can push past $3,000.
What’s Driving Ethereum’s Price Movement?
Ethereum fell below the $2000 mark for the first time since November 2023,raising concerns of a bearish market. However, intense buying pressure at the $1980 mark of the 200-week Exponential Moving Average (EMA) helped in the token’s recovery.Despite the lackluster short term technicals, ‘whales’ with wallets holding between 1,000 to 10,000 ETH continue to buy, which shows their confidence for the long term.
One of the potential catalysts which can tremendously affect Ethereum’s price is the White House Crypto Summit taking place on March 7. Speculation is rising that Trump could announce new pro-crypto policies, which may include supporting Ethereum’s inclusion in a US Crypto Strategic Reserve, or tax benefits for cryptocurrencies domiciled in the US. Such a positive development may result in supporting the price rally towards $2,500 or even higher.
In the last quarter, Ethereum’s trading volume has increased to $18.6 billion, which remains exceptionally high, indicating more traders entering the market ahead of the summit.
Can Ethereum Hit $3,000 in the Coming Days?
Ethereum is recovering from the support range between $2,100 – $2,200, so far so good. If this momentum continues, the next targets are $2,600 then subsequently $2,800, and maybe even $3,000. Nevertheless, for ETH to trend upward, it must first set strong support beneath the 200-week EMA at $2,279.
Also, the RSI index for Ethereum suggested he was likely in a recovery. If the sentiment remains bullish for the market ETF, Ethereum has a solid chance to try to get to the $3,000 mark before the summit.
