Ethereum Price Gains 15% in 1 Hour as Trump Finally Confirms ETH for Crypto Strategic Reserve

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Ethereum Price Gains 15% in 1 Hour as Trump Finally Confirms ETH for Crypto Strategic Reserve - CoinGape

Quick Summary:

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.

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.

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.