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Why is Ethereum (ETH) price up today?

cryptoweekly by cryptoweekly
March 3, 2025
in bitcoin, News
0

Whale accumulation and Trump’s crypto reserve announcement are the positive factors pushing ETH prices up today.

Ether (ETH) jumped 7% in 24 hours to around $2,350 on March 3, briefly topping $2,550 before profit-taking. Despite the rebound, it remains up 13% from its $2,075 low last week.

ETH/USD four-hour price chart. Source: TradingView

Multiple catalysts are helping Ether rebound from its recent lows, namely:

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Recent Posts
  • SEC approves conversion of Grayscale's large-cap crypto fund into ETF
  • SOL ETF news gain evaporates, while chart warns of another 20% drop
  • Bitcoin at risk of deeper drop as BTC slips below key support levels
  • US regulator considers simplified path to market for crypto ETFs
  • Connecticut governor approves law prohibiting crypto use in government
  • Bitcoin analysts say market quickly absorbs selling, paving way for a bullish July
  • Connecticut Governor signs bill banning public officers from using BTC and other crypto assets

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