Today's cryptocurrency market is experiencing bearish pressure as investors remain cautious ahead of the release of U.S. inflation and producer price data. Amid this downturn, Ethereum's price is down 3% and trading above $2,600.
Purchases from Trump’s World Liberty Financial
Trump’s World Liberty Financial (WLF) is aggressively purchasing Ethereum. According to Lookonchain, WLF acquired 1,917 ETH worth approximately $5 million just 12 hours ago. This strategic acquisition aligns with previous accumulation phases, often preceding significant price surges.
Active Role of Large Investors
On-chain data reveals that large investors are taking advantage of the dip to accumulate ETH. Crypto analyst @ali_charts highlighted that large players have bought over 600,000 ETH in the past week, indicating strong confidence in Ethereum’s long-term potential.
Historical Pattern Hints at Significant Upside
Crypto analyst @besimXcrypto pointed out the similarity between Ethereum’s 2020-2021 breakout and its current 2024-2025 price structure. The chart shows that ETH is forming a symmetrical triangle, similar to 2020 before its rally to $1,300. If history repeats, Ethereum could soon break out of this consolidation phase and target $6,000+ in the coming months.
While short-term volatility remains due to macroeconomic factors like U.S. CPI and PPI data, the bigger picture appears promising. The accumulation by Trump’s WLF, increasing whale interest, and bullish technical patterns could set the stage for Ethereum’s next major rally.
