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The Ethereum price surged 7% in the last 24 hours to trade at $2,367 as of 3.30 a.m. EST on trading volume that soared 160% to $38.52 billion.
Crypto prices skyrocketed after US President Donald Trump announced plans to establish a Crypto Strategic Reserve, seeking to make the US the crypto capital of the world.
He told his followers on Truth Social that he loves Bitcoin and Ethereum, stating that both of these coins will be at the heart of the Strategic Reserve, along with Solana, XRP, and Cardano.
The move was followed by a sharp price surge that took ETH from under $2,200 to over $2,540 before the coin corrected to its current price.
Ethereum Price Prediction
After Trump’s statement yesterday, most cryptocurrencies saw their prices skyrocket, led by Bitcoin, and Ethereum is no exception.
The project’s Bollinger bands widened massively as its price soared, but have since seen another narrowing after Ethereum reached its peak, only to then slowly correct to where it is right now.
The bullish wave allowed the price to recover significantly from last week’s losses, even if it was rejected by a resistance at $2,500.
The project’s Relative Strength Index shows that ETH was starting a slow and steady recovery, fluctuating between the overbought zone and the neutral value of 50. The price was also slowly increasing as the weekend progressed. This is not surprising, as March traditionally brings increased trading activity to the crypto industry as investors review their portfolio as Q1 approaches its end, and make adjustments.
However, Trump once again disrupted the natural process by triggering a price surge. The ETH RSI value has seen a surge from the oversold zone at 28 to the value of 90, deep in the overbought area.
After this, many traders cashed out, deciding to take profit, which caused the RSI to drop again, and Ethereum to correct, as mentioned. However, with the RSI once again down at 28, a new wave of purchases might come soon if traders choose to buy the dip.
Promising Alternative To Ethereum
Investors looking for a solid ETH alternative can consider Best Wallet (BEST), one of the fastest-growing crypto wallets in the crypto industry.
The presale for BEST has already raised over $10.7 million, showing that there is huge demand.
Best Wallet offers support for over 60 blockchains and thousands of cryptocurrencies that run on them, it lets you connect other wallets to it and manage your portfolios from one place, and it is non-custodial, meaning that no one other than yourself can access your cryptos.
Managing multiple wallets does not have to be a hassle. 💡
Best Wallet lets you import, track, and manage all your wallets in one place.
No switching between apps, no lost accounts, just full control over your crypto in one powerful app.
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— Best Wallet (@BestWalletHQ) February 28, 2025
It also lets you buy, sell, store, deposit, send, swap, stake, spend, and secure your coins and tokens within the wallet, meaning that you don’t even need to take them to an exchange anymore to do your trading.
One of its standout features is its Upcoming Tokens section, which flags to users what are deemed to be the hottest crypto presales in the market.
And it has already identified some of the most successful presales in years, including Pepe Unchained (PEPU) and Wall Street Pepe (WEPE), both of which soared after launch.
As the wallet’s native token, BEST will be integrated into every aspect of Best Wallet, offering some highly desirable perks to its holders.
It will reduce your transfer fees, increase your staking rewards, let you access and invest in new tokens early, and allow you to join the community governance process.
ClayBro, a crypto YouTuber with over 136k subscribers, says BEST is impossible to ignore.
BEST tokens are selling for $0.0242. Buy before a price hike in a little more than 1 day for the best deal.
Visti the official BEST website.
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