ETH price has once again started to accelerate with it rising tremendously on Sunday night after Trump-backed World Liberty Financial (WLF) bought nearly $15 million worth of the asset.
The latest purchase marks WLF’s other remarkable crypto purchase as the firm has been making significant investments in cryptocurrencies since the past few months. While Donald Trump is set to take the Presidential oath today, the purchase of ETH has brought major attention to Etheruem.
As per Coinmarketcap data, ETH is currently trading near $3,370 with 99% increase in its 24 hour trading volume. It has surged over 7% in the past week while witnessing massive volatility.
How Soon ETH Price Could Break Above $4,000?
The renewed interest in ETH has put it in one of the trending crypto assets and market players are expecting huge spikes in ETH price. Several analysts suggest that this regained popularity could push ETH as high as $4,000 in coming days.
A prominent investor, Ted cites on X that inflows in ETH ETF are increasing steadily and it could be marking a new all-time high as soon as April 2025.
While Trump’s crypto venture seems highly bullish on ETH, the continued selling from Ethereum Foundation raises serious questions on its sustainability. As ETH price pumped quickly following the WLFI purchase, Ethereum Foundation sold another $336k of ETH on 20th January.
After underperforming for nearly a year, ETH price has recently started to gain attention with investors taking high stakes and Whales increasing their ETH holdings silently.
Read: Trump Hails ‘Trump Effect’ Amid Market and Bitcoin Surge
