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ethereum

Ethereum Crosses $3,400 As Trump’s World Financial Liberty Buys More ETH

Ash Tiwari
by Ash Tiwari
4 months ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum (ETH) surged past $3,400 today, marking the second consecutive day that the digital asset has outperformed Bitcoin (BTC) in price action. Meanwhile, Donald Trump-linked decentralized finance (DeFi) project, World Financial Liberty (WFL), continues to accumulate more ETH.

Ethereum Crosses $3,400, ETH Holders Rejoice

Momentum appears to be shifting in favor of the second-largest cryptocurrency by market cap, as ETH soared past $3,400, registering a 4.4% gain in the past 24 hours. Analysts are now predicting strong price appreciation in the near future.

Related Reading: Ethereum Market Takeover: Expert Predicts Surge To $14,000 In Six Months

Crypto analyst Ted noted that ETH has entered its short-term expansion phase and could climb to $4,000 before experiencing any significant pullback. Furthermore, they projected that ETH could hit $4,500 in February, followed by a new all-time high (ATH) in March—especially if Trump’s WFL continues its aggressive ETH purchases.

ted
Source: Ted on X

Indeed, Trump’s WFL has been accumulating ETH at an impressive rate. Earlier today, Ted highlighted that the WFL wallet had purchased another $10 million worth of ETH. This follows an earlier acquisition of 6,041 ETH – worth $20 million at prevailing market prices – reported earlier this month.

Additionally, ConsenSys CEO Joseph Lubin recently hinted that the Trump family may leverage the Ethereum blockchain to launch new business ventures. However, details on the nature and timing of these ventures remain unknown.

Crypto trader Altcoin Scholar shared their insights on ETH’s bullish price momentum. The trader emphasized that ETH is currently trading within a large ascending triangle formation on the weekly chart, and a breakout above the $4,000 resistance level could skyrocket ETH to new ATHs.

ETH
ETH appears to be trading within a large ascending triangle formation | Source: Altcoin Scholar on X

How Are Ethereum Whales Reacting?

One of the best ways to gauge sentiment around a cryptocurrency is by tracking the trading activity of its largest holders. In this case, monitoring ETH ‘whales’ – investors with significant holdings – can provide insight into their confidence in the asset’s future price potential.

Related Reading: Ethereum Eyes Gains: Price History Signals Bullish Moves In February – Data Shows

Recent on-chain data points toward huge accumulation by ETH whales. Between January 10 and January 17, large holders amassed more than $1 billion worth of ETH.

Most recently, 13 ‘mega whales’ – each holding more than 10,000 ETH – joined the network, further reinforcing the rising confidence among institutional and high-net-worth investors. At the same time, the Ethereum smart contract network continues to see an influx of new users.

However, not all ETH whales share the same bullish sentiment. Recently, one major holder sold more than 10,000 ETH at a loss exceeding $1 million. At press time, ETH trades at $3,422, up 4.4% in the past 24 hours.

ethereum
ETH trades at $3,422 on the daily chart | Source: ETHUSDT on TradingView.com
Featured Image from Unsplash.com, charts from X and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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