Ethereum’s Slight Recovery Amid Upcoming White House Crypto Summit

Ethereum (ETH) bounced back slightly, gaining 6.5% to reach $2,200 after briefly falling below the $2,000 mark. This recovery occurs as the crypto market anticipates key developments from the upcoming White House Crypto Summit.

US President Donald Trump will host the first-ever White House Crypto Summit on March 7, 2025. Reports indicate that the attendee list will include a select group of around 20 to 25 members. Although this meeting is significant for the industry, it has received criticism for the absence of Ethereum representation.

Ethereum Co-founder Buterin Reportedly Not Invited to Summit

The summit will gather leading crypto executives including Michael Saylor, Brian Armstrong of Coinbase, and Robinhood CEO Vlad Tenev. However, Ethereum co-founder Vitalik Buterin has not been confirmed as an invitee, with some suggesting that his Russian-Canadian background may be a factor given US political tensions with Russia.

While there is still time for last-minute confirmations, Ethereum’s lack of representation could affect regulatory discussions about the network. Analysts are divided on whether ETH’s latest rebound hints at a bullish or bearish trend.

Related: Ethereum Price Predictions for 2025: Can ETH Hit $15K?

Ethereum’s Price Volatility

Ongoing price swings for Ethereum have made investors anxious. The altcoin is still 40% lower than its peak in March 2024. Recent price movements show ETH recovering after finding support at $1,993, with buyers pushing the token above $2,170.

However, market sentiment remains mixed, and traders are closely watching key resistance levels around $2,241.

Related: Ethereum Team Eyes Poseidon Migration to Boost Zero-Knowledge Proofs

ETH Price Outlook: Is it a Temporary Bounce or a Bullish Reversal?

One market analyst noted that Ethereum’s rebound from $1,993 is encouraging, but for sustained upward movement, it needs to stay above $2,125. The MACD indicator still appears bearish, indicating that a reversal remains uncertain.

Source: Vixo

Traders question whether ETH can break past $2,241 or if this rally will lose momentum, leading to another retest of support levels. On March 6, investors will monitor market movements closely. If Ethereum can’t maintain its current support, another sharp decline could occur. Conversely, a strong move above key resistance might reignite bullish sentiment, setting the stage for further gains.

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