World Liberty Financial (WLFI), a crypto project associated with the Trump family, has significantly expanded its Ethereum holdings. Reports indicate that WLFI recently purchased 2,971.45 ETH, valued at approximately $9.97 million, bringing its total Ethereum holdings to over 70,157 ETH. The organization has been steadily acquiring ETH since January 15, with consistent daily purchases.
World Liberty Financial’s latest purchase of $10 million in Ethereum has increased its holdings to 70,157 ETH, worth approximately $235 million. The project’s aggressive accumulation strategy has contributed to growing market interest in Ethereum.
Data from
Donald Trump’s WLF has been on a spree of accumulating cryptocurrencies, with a recent BitcoinLinux report highlighting its $109.1 million investment in six digital assets. The WLF allocated $71.5 million to Ethereum, acquiring 21,425 ETH at an average price of $3,337, alongside purchases of WBTC, TRX, AAVE, LINK, and ENA. This aggressive accumulation strategy has fueled market activity, driving price surges across multiple tokens.
Notably, Ethereum has recently broken above a key descending trendline, which has acted as resistance for months. This breakout follows multiple failed attempts, indicating a shift in market sentiment. Analysts suggest that if ETH maintains its position above the resistance-turned-support zone, further price gains could follow.
A chart shared by analyst Lark Davis highlights Ethereum’s breakout, supported by increased volume. The analyst pointed out that February has historically been a strong month for ETH, suggesting that the current price action could lead to sustained bullish momentum.
Market experts anticipate that Ethereum could rally toward $4,500 in the coming weeks. Ted Pillows noted that ETH has entered an expansion phase after consolidating between $3,100 and $3,250. If ETH price secures a daily close above $3,344, analysts expect a move toward the $4,000–$4,500 range.
On-chain data also shows that World Liberty Financial’s continued buying pressure has helped stabilize ETH price, reinforcing bullish market sentiment. Analysts believe that as WLFI maintains its aggressive ETH accumulation, the asset could see further upward momentum.
Despite the bullish outlook, some analysts warn of a potential short-term correction. The Market Value to Realized Value (MVRV) ratio, a key indicator of market sentiment, has dropped below the 160-day moving average. Historically, this metric has signaled market downturns, with previous instances leading to corrections of up to 40%.
Moreover, the recent World Liberty Financial purchases have led to speculations of ETH becoming part of the U.S. national digital reserves, further fueling bullish sentiment. Analysts predict that if Ethereum secures a spot in the reserve, its price could skyrocket to $10,000 and beyond.
At press time, Ethereum (ETH) price is $3,395, marking a 4% increase over the past 24 hours. The price action shows a significant upward trend, with ETH surging from $3,263 earlier in the day to a peak of $3,394.
The post World Liberty Financial Increases Ethereum Holdings: Will ETH Price Hit $4K? appeared first on BitcoinLinux.
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