Ethereum (ETH) Could Be Set for Massive Comeback, Analysts Say

TL;

• ethereum (eth) has pumped over the past 24 hours, with analysts predicting possible price targets of $4,000, $5,000 or even $10,000-$20,000 if it breaks key resistance levels.
• Its recent rally has likely been fueled by the broader crypto market rally, increased holdings of World Liberty Financial, and Trump's executive order to explore establishing a “national digital asset reserve.”

eth has finally flexed its muscles

ethereum (eth) remains the second largest cryptocurrency in terms of Market cap, but throughout this bull cycle, it has failed (so far) to impress the community. And while bitcoin (btc), solana (sol) and many further Having recently reached record price peaks, eth is still in the red territory on a monthly scale.

However, the asset witnessed a substantial resurgence in the last 24 hours, and some industry participants took this as a sign that a important Rally could be around the corner. According to data from Coingecko, eth is currently trading at approximately $3,400, which represents a 6% increase on a daily scale.

One of the optimists is user x cryptowzrd. The analyst <a target="_blank" class="editor-rtfLink" href="https://x.com/cryptoWZRD_/status/1882608632862544180″ target=”_blank” rel=”noopener” data-wpel-link=”external”>believe A break above the $3,550 resistance level could take eth to $4,000 and beyond.

<a target="_blank" class="editor-rtfLink" href="https://x.com/ColdBloodShill/status/1882732951076761972″ target=”_blank” rel=”noopener” data-wpel-link=”external”>According For the cold-blooded chiller, the cryptocurrency is attempting to “form a new trend from here,” imagining a potential rise to a new all-time high of $5,000 By March of this year.

Credibull crypto Outlined Even More Bullish Forecasts. The first one cited HTF PA (High Time Frame Price Action) to <a target="_blank" class="editor-rtfLink" href="https://x.com/CredibleCrypto/status/1882656195351048216″ target=”_blank” rel=”noopener” data-wpel-link=”external”>assume that the asset could be about to for a important go back in the near future.

“eth will be back with a vengeance in the coming months, and ironically, it is seems is gonna He leaves behind some of his strongest followers. 10k is a minimum once we leave, real estate, and Believe 20k is certainly not unreasonable at the end of the cycle. “

Why is eth pumping?

One obvious factor that has potentially contributed to the asset's positive performance over the past 24 hours is the overall resurgence of the crypto sector. bitcoin (btc) and many of its leaders are in the Green today (January 24), while the industry's global market capitalization has skyrocketed to nearly $3.8 trillion.

Another reason could be World Liberty Financial's decision to increase is holdings. More recently, the Defi platform, which has ties to US President Donald Trump and his family, <a target="_blank" class="editor-rtfLink" href="https://x.com/spotonchain/status/1882583438659846268?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1882583438659846268%7Ctwgr%5Ee7e93c476e7714360dfe6c303e2098477a35e43e%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcrypto2community.com%2Fcrypto-news%2Fworld-liberty-financial-acquires-10m-in-ethereum-and-2-65m-in-tron%2F” target=”_blank” rel=”noopener” data-wpel-link=”external”>bought 3,079 eth. Their total ethereum holdings reached 74,228 tokens (valued at over $250 million at current rates).

Last but not least, we must mention that Trump signed An executive order to review the creation of a “national digital asset reserve.” It was initially intended to establish a strategic bitcoin (btc) reserve in the United States, but the scope of the initiative appears to have expanded to other cryptocurrencies as well.

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