ethereum

The guest list for the White House Crypto Summit has been released, and prominent industry leaders are among them. The list continues to grow as the event approaches, drawing attention to the administration's approach to discussing digital assets.

: As of this morning, official invitations to Friday's White House Crypto Summit had not yet been sent out.
two people close to the process Sources say the invite list is smaller than previously expected and will include industry heavyweights such as @saylorthe Crypto Summit will be held at the White House in a roundtable format with key members of the President's #Digital Assets Working Group. Due to this structured setting, the number of industry representatives invited will be more limited.
Terrett said that the executive director of the President's Digital Asset Advisory Committee, Bo Hynes, and the head of the White House Office of Artificial Intelligence and #Cryptocurrency The list of cryptocurrency executives and government officials whose participation has been confirmed so far is as follows.
I've said it before - the crypto industry will achieve our goals (and more) IF WE WORK UNITED. I appreciate cryptocurrency president @realDonaldTrump's vision of a government stockpile of digital assets representing reflation.
The summit plans are subject to change, and final details are reportedly still being finalized in the days leading up to the cryptocurrency summit. {
won't there be a cryptocurrency summit?
Despite the growing list of prominent cryptocurrency leaders who will attend the event, several key figures have yet to confirm their participation. Among them are Cardano founder Charles Hoskinson, #Solana founder Anatoly Yakovenko and #Ethereum co-founder Vitalik Buterin, but it is still unclear whether they have received invitations or have simply not confirmed their participation.
additionally, Teret has also been invited to the roundtable. For those who were not invited, an invitation-only reception will be held outside the White House, the report said.
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Ethereum (ETHUSD) started the week lower but is attempting a closing near last week's candle close. Still below its 1W MA50 (blue trend-line) but the practically ranged price action of the past 12 months (March 2024 - Feb 2025) may be a Re-accumulation Phase similar to ETH's first Cycle when between March 2016 - Jan 2017 it consolidated but then started a massive rally until the end of the year.
As you can see, the two fractals are fairly similar, both starting with an initial Accumulation Phase. In the 2015 - 2017 Bull Cycle, the rally that followed the October 2015 Low was fairly symmetrical (+5069%) with the rally that followed the Re-accumulation Phase's bottom. The Cycle Top was priced higher on the 2.0 Fibonacci extension.
If ETH keeps replicating this past fractal, we can expect a more realistic Target at $5350 (+169.75% rise) and an extremely optimistic at $11000 (Fib 2.0 extension).
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Ethereum's price has recently encountered significant downward pressure, largely attributed to adverse macroeconomic conditions affecting the broader cryptocurrency market. However, a seasoned crypto analyst suggests that $ETH may soon witness a shift from bearish to bullish momentum, potentially signaling a rebound in the short term.

Potential for a Notable Price Reversal

Ethereum's current price action hints at a possible bullish reversal from its prevailing downtrend. Technical analyst and investor Jonathan Carter has identified a bullish pattern that could trigger a substantial surge toward key resistance levels.

An analysis of the 1-day time frame chart reveals that Ethereum has formed a prominent Descending Channel pattern, characterized by a series of lower highs and lower lows connected by parallel trendlines. This formation is generally viewed as a bullish technical indicator, suggesting a potential rally if the price breaks above the upper trendline.

Ethereum is currently hovering near a critical support level at $2,060 within this pattern. Carter emphasizes both short-term and long-term opportunities around this support, setting potential targets at $2,360 and $2,560. Should Ethereum successfully rebound and break out of the descending channel, Carter anticipates a move toward the $3,450 mark, where increased buying pressure could materialize.

A breakout would likely signify the onset of a robust upward trend and possibly mark the end of the ongoing correction phase. If this rally gains traction, the next significant resistance level to confront would be at $4,050, which aligns with the origin of the current downtrend.

Long-Term Bullish Indicators

On a 1-week time frame, Carter has also identified an Ascending Triangle pattern, which suggests growing bullish momentum. Ethereum appears to be attempting a bounce from the triangle's support, potentially propelling its price into new highs.

Additionally, Ethereum's price has managed to remain above the 100-day Moving Average (MA) and a multi-year trendline—both considered strong bullish indicators. In the event of a breakout, Carter's analysis projects potential price targets at $3,200, $4,000, $4,850, $6,000, and $7,500, indicating a promising outlook for the altcoin.

Has Ethereum Reached Its Bottom?

The recent downtrend has brought Ethereum back to a crucial level that previously triggered a significant upward movement. Market analyst and trader Titan of Crypto highlighted that Ethereum has revisited its 2024 low on the perpetual 1-day chart. This development suggests that ETH may have bottomed out, positioning itself for a potential rebound.

Given these technical indicators and key support levels, the outlook for Ethereum appears increasingly optimistic, with several bullish formations indicating a potential reversal and a strong upward trajectory in the near term.

Ethereum’s price may have been facing significant downside pressure due to an overall market downswing, which is believed to be caused by recent negative macroeconomic conditions. However, a seasoned crypto expert predicts a transition in price behavior from bearish to bullish for ETH as the asset could be experiencing a rebound in the short term.
A Notable Price Reversal Brewing For Ethereum
Ethereum price action is eyeing a potential bullish reversal from its current downward trend. Technical expert and investor Jonathan Carter points to a bullish formation that could spark a notable upsurge to key resistance levels.
Looking at the chart in the 1-day time frame, Ethereum has formed a massive Descending Channel pattern as bearish movements extend. A Descending Channel formation is considered a bullish technical pattern formed by connecting the lower highs and lower lows with parallel trendlines. 
Once the price breaks above the upper trendline, it usually indicates that a rally could be on the horizon. As Ethereum hovers around the key technical pattern, the altcoinhas formed a key support at the $2,060 level.
Jonathan Carter highlights short-term and long-term opportunities near this support level with targets at $2,360 and $2,560. In the event that Ethereum rebounds and breaks out of the descending channel, the expert foresees a move to the $3,450 mark, where the asset may witness increased buying pressure.

ETH’s breakout signals the beginning of a strong upward trend and the potential end of the ongoing correction. Should the rally continue, the next key resistance barrier to challenge is at $4,050, where the current downward trend initially began.
Analyzing the 1-week time frame, the much-anticipated reversal is capable of reaching new all-time highs in the upcoming weeks. Carter has identified a huge Ascending Triangle pattern on the weekly chart, signaling growing momentum toward the upside.
The chart shows that Ethereum is attempting to bounce from the ascending triangle support, which will propel its price into uncharted territory. Furthermore, the altcoin’s price has managed to stay above the 100-day Moving Average (MA) and the multi-year trendline. When the breakout occurs, Carter expects bullish momentum to drive prices to targets at $3,200, $4,000, $4,850, $6,000, and $7,500.
Has ETH’s Price Bottomed Out?
Recent downward trend has caused ETH to revisit a crucial level that previously led to a substantial upswing. Market expert and trader Titan of Crypto spotted the development, which indicates an impending price resurgence.
Specifically, Titan of Crypto noted that Ethereum has fallen to the 2024 low on the perpetual 1-day chart. Considering the 2024 price trend, the altcoin may have bottomed out and is gearing up for a rebound at the most significant point of interest.
$ETH
#Ethereum