As Ethereum (ETH) navigates a pivotal week in 2025, its price hovers at $2,050.40, reflecting a tense balance between bearish pressures and bullish catalysts. With the White House Crypto Summit looming and technical indicators flashing mixed signals, let’s explore if Ethereum price can hit $3,000 along with the latest trends, developments, and expert predictions.
Ethereum Price at Critical Juncture Before Crypto Summit
As of March 5, 11:16 PM EST, Ethereum’s price has rebounded 14% in the past 36 hours to $2,284, recovering from a drop that briefly pushed ETH below $2,000 for the first time since November 2023. The cryptocurrency tested a low of $1,993 earlier this week, sparking fears of a deeper correction before bulls defended the 200-week Exponential Moving Average (EMA), a historically critical support level.
Key factors driving ETH’s price action:
- From a short-term perspective, the 8 EMA dipping below the 50 EMA suggests bearish momentum, but the 200-week EMA ($1,980) remains a robust floor.
- However, this is offset as large holders with 1,000 to 10,000 ETH are accumulating despite unrealized losses, signaling long-term confidence.
- To spice things up, all eyes are on the White House Crypto Summit on March 7, where President Trump may clarify plans for a US Crypto Strategic Reserve, including Ethereum and potentially announce zero tax gains for Made in USA cryptocurrencies. A bullish announcement could reignite a rally to potentially $2,500 or higher.
- Ethereum’s trading volume surged to $18.6 billion over 24 hours, reflecting heightened speculation ahead of the summit.
Can Ethereum Hit $3,000?
As noted in a previous CoinGape article, ETH is bouncing from the key support zone, extending from $2,100 to $2,200 after sweeping liquidity below the $2,000 psychological level. A potential rally ahead of the Crypto Summit could propel Ethereum price to the next key resistance levels at $2,600, $2,800 and $3,000. However, to do so, ETH price needs to flip and defend the 200-week EMA at $2,279.
The Relative Strength Index very briefly dipped below the oversold level as ETH price crashed the sub-$2,000 level.
Conclusion
Although the technicals are supporting a recovery for Ethereum price, the Crypto Summit on March 7 could be a sell-the-news event, potentially triggering a steep correction. So, investors are advised to stay cautious. Moreover, the upcoming Nonfarm Payrolls announcement could induce volatility in either direction.
Ethereum’s price on March 6, 2025, encapsulates a market teetering between fear and optimism. While technicals warn of a potential drop to $1,800 if the $2,000 support breaks, bullish fundamentals—ETF inflows, staking demand, and the Dencun upgrade—anchor a compelling long-term case.
The White House Crypto Summit could be the near-term catalyst ETH needs to reclaim $2,500. However, failure to deliver policy clarity may trigger a “sell the news” retreat. For US investors tracking Ethereum price prediction trends, monitoring summit outcomes, ETF developments, and supply dynamics will be critical.
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