$ETH

As of March 8, 2025, Ethereum (ETH) is trading at approximately $2,137.79, reflecting a 3.09% decrease from the previous day.

Recent Developments:

U.S. Crypto Strategic Reserve: President Donald Trump announced the creation of a Crypto Strategic Reserve, which includes Ethereum among other cryptocurrencies. This initiative aims to position the United States as a leader in the digital asset space.

Market Dynamics: A significant transaction occurred recently, where a whale or institution sold 40,000 ETH and may have used part of the proceeds to purchase $PHA tokens.

Price Outlook:

Analysts anticipate that Ethereum could reach new record highs in the coming year, potentially surpassing $5,000, driven by favorable demand and supply dynamics.