Zelenskyy’s Comment Has Effect on Crypto Price: ETH Down 1.9% Immediately Arslan Butt | usagoldmines.com

Ethereum (ETH) faced immediate volatility on Saturday after a remark from Ukrainian President Volodymyr Zelenskyy triggered a market reaction. Ethereum dropped 1.9% to $2,185 following the statement, highlighting investor sensitivity to geopolitical developments.

However, Ethereum quickly rebounded, surging to an intra-day high of $2,277 amid optimism surrounding Trump’s upcoming Crypto Summit on March 7.

Despite the brief recovery, Ethereum is now facing renewed downward pressure, as the extended trendline resistance around $2,275 has pushed the price back down to $2,185.

Geopolitical Tensions Impact Crypto Markets; Impact on ETH

The sudden drop in Ethereum’s price was attributed to rising geopolitical uncertainties following a tense meeting between Trump and Zelenskyy. According to reports, their discussion on Ukraine’s natural resource investment plan turned into a heated exchange, with Trump and U.S. Vice President J.D. Vance openly criticizing Zelenskyy.

The situation escalated when Zelenskyy stated that he would not return to the White House, further adding to the market’s nervousness.

Financial analysts believe that investors reacted to the uncertainty by moving funds out of riskier assets, including cryptocurrencies.

As a result, Ethereum’s decline below $2,100 marked its lowest level this year, raising fears of further downside if support at $2,000 fails to hold.

• Ethereum dropped due to Trump-Zelenskyy tensions.
• Investors pulled funds, pushing it below $2,100.
• If $2,000 breaks, more losses may follow.

ETH Slips Ahead of Trump’s Crypto Summit

Despite the initial losses, ETH swiftly regained momentum as positive news from the U.S. boosted investor confidence. Trump’s announcement of a Crypto Summit on March 7 sparked optimism regarding potential regulatory changes, leading to a surge in demand for digital assets.

Bitcoin (BTC) also benefited, jumping from $78,000 to $86,500, while altcoins like Ripple (XRP) and Cardano (ADA) followed suit with notable gains.

At the time of writing, Ethereum is trading at $2,236.52, reflecting a 5.36% gain in the last 24 hours. The cryptocurrency’s 24-hour trading volume has surged to $22.97 billion, while its market capitalization stands at approximately $269.68 billion.

This rapid recovery highlights the market’s sensitivity to both geopolitical risks and regulatory developments.

• Ethereum rebounded as Trump’s Crypto Summit announcement boosted confidence.
• Bitcoin surged to $86,500, with altcoins like XRP and ADA also gaining.
• ETH now trades at $2,236.52, up 5.36%, with a $22.97B trading volume.

ETH/USD Outlook and Key Levels to Watch

Market analysts caution that ETH’s price movements remain highly reactive to geopolitical news and upcoming regulatory discussions. If Ethereum sustains levels above $2,200, further upside momentum could push it toward the $2,300 resistance level.

However, a break below $2,100 could expose the asset to renewed selling pressure, with $2,000 being a critical support zone.

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The post Zelenskyy’s Comment Has Effect on Crypto Price: ETH Down 1.9% Immediately appeared first on Cryptonews.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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