Explore the impact of Trump's endorsement on Ethereum's price surge and the possibility of reaching $4,000. Will the US government's Ethereum purchase lead to further growth?
On Monday, March 2, 2025, the price of Ethereum (ETH) surged by 15% in an hour, reaching $2,550 from $2,200. This spike followed Donald Trump’s announcement of adding Ethereum to the list of assets held in the United States’ strategic reserve. Initially, Trump mentioned Solana (SOL), Cardano (ADA), and Ripple (XRP) without referring to Ethereum, causing concerns about the removal of this cryptocurrency. However, two hours later, Trump confirmed on the Truth Social platform that Bitcoin (BTC) and Ethereum are also included in this list, leading to an immediate increase in Ethereum’s price along with other major cryptocurrencies.
