The post Ethereum Crosses $3,400 As Trump’s World Financial Liberty Buys More ETH appeared on BitcoinEthereumNews.com.

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. 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. 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 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…

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Filed under: News - @ February 2, 2025 6:06 am