Date: Wed, February 12, 2025 | 08:10 AM GMT
In the cryptocurrency market today, we are witnessing bearish pressure as investors remain cautious ahead of the U.S. CPI and PPI data set to be released shortly.
Amid this, the price of Ethereum (ETH) is also facing a decline, currently down 3% today and trading above of $2,600, extending its 60-day correction to 33%.
Trump’s World Liberty Financial Leads Ethereum Accumulation
According to Lookonchain, Trump’s World Liberty Financial (WLF) has been making aggressive Ethereum purchases. Just 12 hours ago, WLF reportedly acquired 1,917 ETH, worth approximately $5 million, adding to its growing reserves.
This strategic move aligns with previous institutional accumulation phases, which have historically preceded significant price rebounds.
Whales Are Also Diving In
On-chain data further reveals that whales are also seizing this dip to accumulate ETH. Crypto analyst @ali_charts highlighted that large investors have purchased over 600,000 ETH in the past week alone. This substantial buying activity indicates strong confidence in Ethereum’s long-term potential.
Historical Pattern Hints at a Massive Upside
Crypto analyst @besimXcrypto recently pointed out a striking similarity between Ethereum’s 2020-2021 breakout and its current 2024-2025 price structure. The attached chart reveals that ETH is forming a symmetrical triangle, just like in 2020 before its explosive rally to $1,300.
If history repeats itself, ETH could soon break out of this consolidation phase and target $6,000+ in the coming months. The symmetrical triangle breakout pattern suggests that Ethereum is mirroring its previous cycle, reinforcing the bullish outlook.
What’s Next for Ethereum?
While short-term volatility remains due to macroeconomic factors like U.S. CPI and PPI data, the bigger picture looks promising. The ongoing accumulation by Trump’s WLF, increasing whale interest, and bullish technical patterns could set the stage for Ethereum’s next major rally.
For traders, keeping an eye on the key $2,800-$3,000 resistance zone will be crucial. If Ethereum manages to break above this range, it could trigger a strong upside move toward $4,000 and beyond.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before making any investment decisions.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
