As Bitcoin (BTC) surges to $97,000, market analysts are increasingly confident that the flagship cryptocurrency is on track to reclaim six-digit territory. The bullish momentum is spilling over to altcoins, with Ethereum (ETH) emerging as a strong contender for a new all-time high (ATH). Recent on-chain data reveals significant ETH accumulation by former U.S. President Donald Trump and institutional players like World Liberty Finance, raising speculation about Ethereum’s imminent breakout.
Trump’s ETH Accumulation Signals Confidence in Ethereum
Historically, the crypto market has never recorded five consecutive weeks of red, fueling expectations that the upcoming week will mark a decisive bullish turnaround. Bitcoin’s recent pump reinforces the view that altcoins, particularly Ethereum, are poised for significant gains.
Trump again bought $5,000,000 Ethereum.
— Ted (@TedPillows) February 12, 2025
They know something about $ETH we aren't aware of. pic.twitter.com/Yu0WDGimyT
Trump’s latest ETH purchase of $5 million has sparked discussions in the crypto community, with many wondering if insiders have access to privileged information about Ethereum’s future trajectory. This sizable investment underscores growing institutional and high-net-worth interest in Ethereum, especially as the altcoin prepares to lead the anticipated altseason.
Ethereum’s Strength Amidst Solana’s Struggles
Another catalyst for Ethereum’s resurgence is the ongoing turbulence within the Solana ecosystem. Network congestion issues and outages have pushed some users and projects back to Ethereum, reinforcing its position as the dominant smart contract platform. Ethereum’s robust infrastructure, combined with upcoming scalability upgrades, positions it as the preferred blockchain for developers and investors alike.
Institutional Accumulation Intensifies
World Liberty Finance has also been aggressively acquiring Ethereum, with its latest purchase of 1,555 ETH bringing its total holdings to 10,720 ETH, valued at approximately $32 million. This sustained institutional accumulation indicates long-term confidence in Ethereum’s potential to surpass its previous ATH.
Trump's World Liberty (@worldlibertyfi) just swapped 5M USDC for 1,555 $ETH 10 minutes ago.
— Spot On Chain (@spotonchain) January 19, 2025
While people are still hyping the $TRUMP memecoin, World Liberty is accumulating more ETH.
It currently holds 10.72K $ETH (~$32M) and has deposited thousands of $ETH into Coinbase over… https://t.co/V7SQRUURD9 pic.twitter.com/zNE75aF2tB
As Bitcoin inches closer to its ATH, Ethereum is following suit, with bullish indicators signaling an imminent breakout. Trump’s ETH accumulation, institutional confidence, and shifting market dynamics all point to a strong rally ahead. ETH holders who have patiently waited for this cycle may soon witness history in the making.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
Also Read: Bitcoin’s Bull Market Intact: Why a Drop to $77K Won’t Signal a Bear Market in 2025
