Ethereum $1,558 experienced a sharp rise following U.S. President Donald Trump’s announcement that ETH would be included in the official strategic reserves. The price quickly jumped from $2,200 to $2,550, marking a 15% increase. This development heightened positive expectations in the cryptocurrency market, drawing significant attention from traders toward Ethereum.
Trump’s Reserve Decision and Market Response
Initially, the absence of Ethereum’s name in Trump’s statements created uncertainty in the markets. The list of cryptocurrencies included in the U.S. strategic reserves featured Bitcoin $81,991, Solana
$120 (SOL), Cardano
$0.619511 (ADA), and Ripple (XRP)
$2, but Ethereum was not mentioned. However, hours later, Trump announced via Truth Social that both Bitcoin and Ethereum would be included in the reserves.
This update sparked excitement in the markets, leading to a sudden surge in Ethereum’s price. As trading volumes increased, there was a significant rise in demand for Ethereum. Traders once again observed the market-moving impact of Trump’s announcements.
Leadership Change at Ethereum Foundation
Another critical development in the Ethereum ecosystem was the leadership change at the Ethereum Foundation. Hsiao-Wei Wang and Tomasz Stańczak were appointed as the new directors of the foundation. These appointments aim to support Ethereum’s technical development and strengthen operations across the network.
Market experts believe this leadership change could contribute to Ethereum’s long-term growth potential. The Ethereum community views this structural transformation as a significant step in enhancing collaboration and governance within the network.
According to technical analyses, if Ethereum’s price surpasses critical resistance levels, it could target new highs between $3,200 and $3,400. However, some analysts suggest that the price may pull back in the short term to test support levels. Traders are closely monitoring market fluctuations.