As institutional interest in Ethereum grows, World Liberty Financial (WLFI), backed by Donald Trump, has significantly increased its investments in the cryptocurrency.
Increase in World Liberty Financial Investments
World Liberty Financial continues to accelerate its positions in Ethereum, investing over $23 million in the purchase of 6,145 ETH. In the past week, the company transferred $36 million to three different addresses and acquired more than 10,013 ETH. These actions come as Ethereum rallies above the $3,000 mark.
Fundamental Support Factors for Ethereum
Ethereum remains the primary center for real-world asset tokenization, supported by the increasing interest in stablecoins. According to DeFiLlama data, the total value locked in Ethereum has reached $83 billion, while the market capitalization of stablecoins is at $130 billion. The recently passed GENIUS Act provided clarity for stablecoin regulations.
Outlook and Technical Indicators for Ethereum
Currently, Ethereum is approaching a key resistance level at $4,000, which has rejected the price multiple times since 2021. Signals from indicators like MACD and RSI suggest potential growth. However, continued upward movement may also face short-term corrections if it fails to close above this resistance.
WLFI's interest in Ethereum underscores institutional investors' confidence in the cryptocurrency's future. A breakout above the $4,000 mark could lead to significant price movements in the upcoming weeks.
