World Liberty Financial invests $3.5 million in 1,587 ETH due to the 16% ETH price increase and the high institutional interest.
Donald Trump’s DeFi project, World Liberty Financial, acquired an additional 1,587 Ethereum, valued at $3.5 million, earlier today, demonstrating the institutional interest sparked by the cryptocurrency’s enormous 16% god-candle in the past day. This occurs as Ethereum’s price dramatically reverses, surpassing $2,200, and daily trading volumes soar to over $37 billion, a 15% increase.
World Liberty Financial takes institutional Ethereum Interest Forward
Institutional interest in the biggest altcoin is growing as the price of ETH shows a significant reversal. According to information from Arkham Intelligence, 1,587 Ethereum coins worth $3.5 million have been bought by a wallet connected to Donald Trump’s DeFi project, World Liberty Financial.
Over the past few months, the project has been actively accumulating Ethereum, and project lead Eric Trump has previously expressed a bullish outlook for the asset. The steep recovery from below $1,800 has sparked new institutional interest and buying, even though the price of ETH has dropped more than 40% since the start of 2024.
The recent acquisition by World Liberty Financial demonstrates that major players recognize the potential for a bottom formation and a significant upside from this point. The well-known investment firm Abraxas Capital withdrew 49,644 ETH, or roughly $92 million, from the major exchanges Binance and Kraken in the past day.
However, the Ethereum Foundation announced a $32 million investment in Q1 2025 to foster innovation and growth within the ETH ecosystem.
Analysts Predict Future ETH Price Movement
Daily trading volumes jumped 125% to $38 billion as the price of Ethereum soared to the critical resistance of $2,200, with a 16% upside on the daily chart. ETH’s future open interest also increased by 16% to $26.31 billion, according to Coinglass data, and 24-hour liquidation jumped to $283 million, of which $235 million was in short liquidation.
A well-known cryptocurrency analyst, Ali Martinez, identified $2,380 as a crucial supply barrier for Ethereum (ETH). Martinez believes that breaking through this level might trigger a fresh bull rally, generating a lot of upward movement.
Cryptocurrency analyst Rekt Capital has noted an encouraging resurgence in Ethereum’s market dominance. The analyst claims that the movement seen in September 2019, which is represented by the far left portion of an orange-circled pattern on the chart, is very similar to the current price action. The analyst added that ETH’s price may fluctuate between $2,200 and $3,900.
