{"id":4812,"date":"2025-03-06T00:01:00","date_gmt":"2025-03-06T02:01:00","guid":{"rendered":"https:\/\/criptonizando.com\/en\/?p=4812"},"modified":"2025-03-06T07:06:14","modified_gmt":"2025-03-06T09:06:14","slug":"will-ethereum-break-3000-before-the-crypto-summit","status":"publish","type":"post","link":"https:\/\/criptonizando.com\/en\/news\/will-ethereum-break-3000-before-the-crypto-summit\/","title":{"rendered":"Will Ethereum Break $3,000 Before the Crypto Summit?"},"content":{"rendered":"\n<p>Ethereum (ETH) is at a critical point, <a href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">trading around $2,295<\/a> 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What\u2019s Driving Ethereum\u2019s Price Movement?<\/strong><\/h2>\n\n\n\n<p>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&#8217;s recovery.Despite the lackluster short term technicals, \u2018whales\u2019 with wallets holding between 1,000 to 10,000 ETH continue to buy, which shows their confidence for the long term.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"457\" src=\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/ETHUSD_2025-03-06_10-05-58-1024x457.png\" alt=\"Ethereum\" class=\"wp-image-4816\" srcset=\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/ETHUSD_2025-03-06_10-05-58-1024x457.png 1024w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/ETHUSD_2025-03-06_10-05-58-300x134.png 300w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/ETHUSD_2025-03-06_10-05-58-768x343.png 768w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/ETHUSD_2025-03-06_10-05-58-150x67.png 150w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/ETHUSD_2025-03-06_10-05-58.png 1506w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>One of the potential catalysts which can tremendously affect Ethereum&#8217;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&#8217;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.&nbsp;<\/p>\n\n\n\n<p>In the last quarter, Ethereum\u2019s trading volume has increased to $18.6 billion, which remains exceptionally high, indicating more traders entering the market ahead of the summit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Can Ethereum Hit $3,000 in the Coming Days?<\/strong><\/h2>\n\n\n\n<p>Ethereum is recovering from the support range between $2,100 &#8211; $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.&nbsp;<\/p>\n\n\n\n<p>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.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s Driving Ethereum\u2019s Price Movement? Ethereum fell below the $2000 mark for the first time [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":2780,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tpgb_global_settings":"","kia_subtitle":"","footnotes":""},"categories":[1],"tags":[44,20,27,26],"class_list":["post-4812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain","tag-crypto-market","tag-digital-asset","tag-ethereum"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Will Ethereum Break $3,000 Before the Crypto Summit? - Criptonizando<\/title>\n<meta name=\"description\" content=\"Ethereum (ETH) rebounds 14% to $2,295 ahead of the White House Crypto Summit. 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