World Liberty Financial Moves $38.5M in ETH, Fueling Ethereum’s Market Momentum

• World Liberty Financial moves $38.5M in $ETH to Coinbase, signaling strong institutional interest in Ethereum.
• Ethereum’s price struggles with resistance near $4,107, but maintains support around $2,340, showing market stability.
• Ethereum’s growing active addresses and increasing total supply reflect healthy network engagement, indicating long-term optimism.

According to Sport Onchain, Donald Trump’s World Liberty Financial deposited 11,918 $ETH ($38.5M) to Coinbase Prime. The fund recently swapped 103.1 $WBTC ($9.89M) for 3,074.4 $ETH, at a rate of ~$95,867 per WBTC.

Furthermore, World Liberty Financial spent $10M on 103.1 $WBTC between Nov 30 and Dec 20, 2024, and $35M to acquire 9,587 $ETH at ~$3,651 each. Following this, the fund spent 1.7M $USDT to buy back 17.62 $WBTC. As of now, it holds 7,766 $ETH ($25.1M) and 17.62 $WBTC ($1.69M).

Ethereum Price Dynamics and Market Trends

At the moment, Ethereum ($ETH) is trading at $3,233.34, with a 24-hour range of $3,172.12 to $3,256.67. $1.22 billion $USDT, or 380,104 $ETH, have changed hands in the past day. A closer look at the price chart reveals movements.

The 7-day moving average (MA(7)) stands at $3,534.03, indicating recent downward pressure. Meanwhile, the MA(50) is closer to the current price at $3,142.34, signaling consolidation. Moreover, resistance is evident around $4,107.80, with the price failing to break above it multiple times.

In contrast, the support level is near $2,340.15, where downward movements found stability. Since mid-December 2023, Ethereum has followed an uptrend, marked by higher highs and higher lows. However, recent candles show signs of selling pressure, especially near the resistance zone. Despite this, the price remains above key support levels, reflecting a robust market outlook.

Market Activity and Long-Term Outlook

Ethereum’s price has experienced volatility, with fluctuations between higher and lower levels. Active addresses play a key role in price action. A surge in active addresses in August contributed to a sharp price increase. In late October, another spike in activity accompanied a gradual price rise. Despite a December fall in Ethereum’s price, the number of active addresses increased.

The price of Ethereum is leveling off around $3,233. This suggests market hesitancy, even though the general trend is still favorable. The increasing total supply and rising active addresses show strong network engagement. Consequently, Ethereum’s long-term outlook appears promising despite short-term corrections.