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Ethereum’s price has reached a crucial support level near $2,200, prompting traders to assess potential rebound scenarios. The cryptocurrency recently surged 2.7%, settling around $2,242.55 at the time of the latest market update. With increasing market uncertainty, investors are closely watching the asset’s movement, considering possible recovery trends. During recent time periods the Ethereum market demonstrated significant price changes which paralleled general movements in the cryptocurrency field. The price reached $2,377.59 before diving to $2,070.53 before settling at $2,215.58. Expert traders currently monitor $2,200 as their main support level because it provides two potential scenarios: a rebound or additional price decrease. If #Ethereum $ETH holds above $2,200, it could be setting up for a rebound to $2,500 or even $3,000! pic.twitter.com/bjkwQDTR6g Ethereum analysts predict a price recovery to hit $2,500 or possibly reach $3,000 based on its present market support. Ethereum prices would decrease towards $2,000 after dropping below $2,200 since it would prompt additional market sell orders. Technical trading indicators show that market participants keep watch on resistance areas at $2,800 and $3,000 to determine Ethereum’s coming dynamic. Rising interest rates and regulatory uncertainty have weighed on crypto markets, leading to increased volatility across digital assets. The price behavior of Bitcoin demonstrates an impact on Ethereum because both cryptocurrencies show linked movements in market activity. The network activity of Ethereum combined with its ongoing updates plays a role in the market performance. Investors evaluate Ethereum’s extended outlook through developer strategies that improve its operational effectiveness and expandability. Despite uncertainty traders exhibit some positive remarks about Ethereum because it has demonstrated robust recoveries at identical support points in the past. Current price levels show a divided trading activity since both buyers and sellers participate in active trades. Historical price changes of Ethereum will primarily reflect overall market behavior and levels of investor sentiment. The 24-hour high price level indicates continued investor interest backed by strong buying demand that might drive further upward momentum. The price will likely move down toward $2,147.27 should resistance at $2,250.74 hold without breaking. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Martin Schlegel, President of the Swiss National Bank (SNB), has firmly rejected the idea of central banks holding their reserves in Bitcoin. He claims Bitcoin lacks the qualities required to be decent money. The major reasons the SNB would not include the digital asset in its reserves, he underlined, are great volatility and security flaws. On the other hand, even if the SNB is dubious about Bitcoin, worldwide interest in the digital asset keeps rising. Actually, one of the biggest asset managers in the world, BlackRock, revealed intentions to introduce a Bitcoin-based exchange-traded vehicle in Europe in February 2025. Fascinatingly, Switzerland has been cited as a possible site for the product, mirroring the rising investor demand for exposure to cryptocurrency. For monetary policy uses, Schlegel clarified, central bank reserves had to be extremely liquid and used fast. He claimed Bitcoin falls short of these criteria. Apart from great price volatility, he also underlined that the technology underlying cryptocurrency can suffer security problems ranging from software faults to possible cyberattacks. The denial is hardly shocking. Usually cautious in their choice of reserve assets, central banks give stability top priority over the possibility of big profits. But given that more and more financial institutions are including Bitcoin in their investment portfolios, the SNB’s austere posture seems to contradict the global trend. Fascinatingly, the public of Switzerland is pushing for Bitcoin even while the SNB is reluctant to embrace it. A suggestion suggesting the SNB keep some of its reserves in Bitcoin in addition to gold surfaced in December 2024, as we previously reported . The initiative would need 100,000 signatures within 18 months to reach the public referendum level and therefore become a reality. But given Schlegel’s firm position, the SNB is probably going to oppose the project. BlackRock sees great potential while the SNB closes the door on Bitcoin. In February 2025, the company intends to introduce an investment product based on Bitcoin into Europe. One of the key contenders for the goods is Switzerland, which has rather more liberal financial rules than other European nations. BlackRock’s action demonstrates how the financial sector still regards Bitcoin as an asset with appealing value to investors in spite of central banks’ mistrust and authorities’. Should the product be successful, pressure on the SNB to begin including this digital asset into its reserve strategy could rise. Now Switzerland finds itself at a crossroads in handling Bitcoin under growing pressure from several sides. On the one hand, its central bank vehemently objects to the formal reserve existence of this asset. On the other hand, society and the financial industry seem to be headed in opposite directions.

Ukraine is taking another step toward legalizing cryptocurrency . Legislators are now in the last stages of developing a bill intended to better control the market after long-term struggle with confusing rules. Should things go as expected, the bill might be finished and put into use by mid-2025. BREAKING: 🇺🇦 Ukraine is planning to legalize crypto by mid 2025. They are setting the tax rate around 5-10%! BULLISH FOR CRYPTO! pic.twitter.com/8NDDKgn3Ou — Mister Crypto (@misterrcrypto) March 1, 2025 One issue remaining under great contention even if legalization is approaching is the tax policy. The government is weighing a tax rate between 5% and 10%. Another debate, however, suggests using a uniform tax rate akin to ordinary income tax—18% plus a military charge of five percent. Should this program be carried out, the overall tax on crypto transactions might reach 23%. Some groups think that hefty taxes would impede the expansion of the Ukrainian crypto market. Conversely, the administration contends that the nation requires more money, particularly to support military demands and war-torn rehabilitation. This presents a conundrum: would Ukraine actually impede crypto growth with a too strict tax policy, or will it become a new refuge for adoption? Ukraine has long been among the nations most advanced in the usage of digital assets, no mystery about that. The continuous battle has rendered the nation further reliant on cryptocurrency and blockchain technology for donations and financial transactions. Since digital assets are quicker and simpler than more traditional means, many worldwide communities donate them. Still, the legal situation of cryptocurrency in Ukraine has been murky so far. Although the nation established legislation acknowledging the existence of digital assets in 2021, its rules still do not entirely conform with European Union guidelines. Thus, changes to the regulations are still ongoing so that Ukraine may comply with international norms in monitoring digital assets, particularly with money laundering and criminal funding. Legal clarity is much welcomed by investors and entrepreneurs who have long been engaged in this sector. Clear laws will make crypto transactions in Ukraine no longer in a gray area. If the tax policy implemented is too expensive, though, many business players may decide to relocate their activities to neighboring nations with friendlier laws. Some analysts believe Ukraine might develop into one of the biggest centers of crypto adoption in Europe, particularly if the government strikes a mix between rigorous control and laws appealing to investors. In the next few months, the law is supposed to be presented to parliament. Should it pass the first reading, more talks aimed at mid-2025 implementation will be conducted. Still, not everyone has great hope for this chronology. Some officials and outsiders think the legislative process could be slower than expected, particularly given ongoing disputes over tax laws and other technical matters. Nevertheless, this action is nevertheless a significant indication that Ukraine is committed to using crypto’s possibilities in line with its future economic plan.

Recent data indicates that Litecoin registered significant volume increases, which created strong price fluctuations that attracted many traders and investors. Technical indicators currently point towards increasing value, which leads analysts to speculate whether Litecoin can achieve $350. 🔸 #Litecoin Price Current Breakout Targets a 168% Data from recent market activity indicates Litecoin has shown a successful breakout which may lead to a distinct price movement direction. Analyst Javon Marks predicts the cryptocurrency will reach $354.36 which would amount to a 168% growth from its current value. The price prediction integrates multiple technical signals along with historical market trends. Notably, market sentiment directions often signal through breakouts that signal upward price sustainability. When Litecoin exceeds its past resistance, it creates potential for increased value in the following months. 🔸 Volume Spikes and Higher Lows More so, the historical price movement of Litecoin features growing investor confidence due to accelerating volume and increasing lows. Significant market events become evident through volume spikes because such spikes demonstrate that retail and institutional investors actively participate in Litecoin’s price movement. The price action showing increasing bottoms indicates investor interest to buy at progressively higher levels and thus confirms an upward trend trajectory. These technical signals suggest that Litecoin could be entering a more sustained upward phase, with increased investor participation contributing to further price appreciation. 🔸 Key Resistance to Hold for #LTC Price Ascent Meanwhile, for Litecoin price to reach its $350 target while maintaining upward momentum, it needs to sustain positions above the critical support points at $122. The price must maintain a position above the resistance levels at $128 and $130 to avoid market reversals or pullbacks.

Cardano price has experienced a slight recovery following a week of market bearishness. Currently, ADA is holding above its support level, showing potential for a bullish trend in the near future. The recent upward movement has sparked discussions about whether Cardano could reach $1 by March 2025, especially with 12.54 billion ADA tokens being accumulated by whales in the past 24 hours. 🔸 How Whale Accumulation Could Push Cardano Price to $1 by March 2025 The recent accumulation of 12.54 billion ADA tokens by large holders has sparked interest in the potential price movement of Cardano. Over the past month, data shows an increase in whale activity, with significant buys pushing the price upward. As ADA whales continue to accumulate, the overall market sentiment remains optimistic, creating a potential for the price to hit $1 by March 2025. Large whale movements have had a strong influence on the price of ADA, driving its volatility. The ongoing accumulation could create upward momentum as these whales take positions ahead of anticipated market trends. If the buying pressure continues and broader market conditions align, ADA might see a price surge that reaches or exceeds the $1 mark in the coming weeks. 🔸 #ADA Technical Analysis The ADA price is trading at $0.6349 as of March 1, 2025. The Cardano price market is seeing fluctuations, with the price remaining within a narrow range of $0.6349 to $0.50. This follows the crypto market recovery, with BTC seeing a slight surge. This ADA follows a period of consolidation, with some bullish movements pushing it higher earlier in the month. ADA is facing challenges breaking above $0.700, a resistance level that has been difficult to surpass. The Relative Strength Index (RSI) is at 41, showing that the market is in a neutral state but could potentially shift toward a bullish direction. The Moving Average Convergence Divergence (MACD) indicator suggests mixed signals. #Cardano