Ethereum price rises as crypto summit nears, what’s next?

Ethereum Price jumped 6% in the last 24 hours, recovering the level of $ 2,300 despite weakening decentralized financial measures.

According to data de Defi Lama, in February, Ethereum (Ethn) The total locked value fell to $ 50 billion, against a peak of $ 71 billion in January. In addition, decentralized exchange volumes have decreased as capital takes place in alternative ecosystems such as layer 2 and Solana (GROUND). The DEX volume increased from $ 92 billion in December to $ 82 billion in February, a drop of 11%.

The costs of the Ethereum network, on the other hand, increased from $ 142 million in January to barely $ 46 million in February, indicating a drop in demand. The next pectra upgradewhich should improve network functionality and the efficiency of costs, could be a short -term catalyst.

However, it is not yet clear if these upgrades will be sufficient to stop the drop in DEFI activity. In addition, technical problems or delays could slow the momentum and maintain ETH in its current beach.

On the technical side, Ethereum is still negotiated below the critical resistance of $ 2,846. Pressure in the Bollinger bands suggests a possible escape. The resistance index relating to 41.40 indicates a modest moment, although the bullish force can be confirmed by a movement above 50.

Despite the price increase, a low volume of trading suggests hesitation among buyers. ETH needs a strong resistance thrust to maintain gains, where it risks another decline. A decisive rupture greater than $ 2,846 could open the way to $ 2,946, while the failure to maintain the current levels could cause support of $ 2,200.

Meanwhile, the feeling remains mixed before the top of the White House crypto on March 7. Recently, American president Donald Trump proposed the formation of a strategic national crypto reserveEthereum being part of cryptocurrencies.

Although some consider this to be a sign of a possible reversal, analysts warn that if sufficient regulatory clarification is not reached, the summit Can become a “sale-New-News” event and lead to new slowdowns.