The post Ethereum Sweeps All The Liquidity Below $2.1K – Time For A Comeback? appeared on BitcoinEthereumNews.com.

Ethereum has experienced a massive price surge, jumping from the $2,200 level to $2,500 in just a few hours. This comes after a period of extreme selling pressure that saw ETH drop as low as $2,080 on Friday, leading analysts to expect further declines. However, the market quickly reversed following a major announcement from President Trump regarding a U.S. Crypto Strategic Reserve, which includes Ethereum. This unexpected news triggered a strong reaction across the crypto market, with ETH reclaiming key levels and fueling optimism among investors. The move has shifted sentiment, as traders now speculate on whether Ethereum can continue its rally toward the $3,000 mark. Top analyst Daan shared a technical analysis on X, explaining that ETH swept all liquidity below $2,100 before bouncing sharply from that point. According to Daan, this move was significant, as Ethereum absorbed the sell-side liquidity and now continues its bullish momentum following Trump’s announcement. With ETH reclaiming strength, investors are closely watching key resistance levels to see if the rally can continue. If Ethereum holds above $2,500, a further move higher is likely. However, the market remains volatile, and bulls must sustain momentum to confirm a full recovery. Ethereum Prepares To Move Ethereum has been facing relentless selling pressure and negative sentiment, leading to heightened speculative activity that leans bearish in the short term. Since late December, the price of ETH has plunged nearly 49%, leaving investors in despair as they await a recovery. The market has struggled to find a strong base for a reversal, with analysts warning that if Ethereum fails to reclaim key levels soon, further downside could follow. However, yesterday’s rebound has sparked renewed optimism among traders who anticipate a fast and aggressive recovery. Ethereum’s sudden surge from the $2,200 level to $2,500 caught many by surprise, especially after…

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Filed under: News - @ March 3, 2025 6:24 pm