Ethereum Faces Crucial Resistance as WLFI Adds $10 Million in ETH
- Ethereum struggles near $3,143 as low trading volume limits upward momentum.
- WLFI’s $10M ETH accumulation hints at strategic positioning despite price decline.
- RSI at 42.82 signals weak momentum, while MACD indicates lingering bearish pressure.
Ethereum (ETH) is currently in a period of price consolidation, which hints at a possible breakout. According to an analysis by the analytic firm CryptoBusy, on-chain data shows that World Liberty Financial (WLFI), backed by Donald Trump, has increased its ETH holdings.
The entity added 3,191 ETH, valued at approximately $10 million, increasing its total holdings to 62,789 ETH. This accumulation happened during a decline in ETH’s price, which suggests potential strategic positioning.
$ETH's move is a calm before the storm!@realDonaldTrump backed World Liberty Financial $WLFI added another 3,191 $ETH
— CryptoBusy (@CryptoBusy) January 29, 2025worth around $10M to its holdings.
It currently holds 62,789 $ETH, according to data from Arkham Intelligence. pic.twitter.com/L8vkMH3Vfa
Additionally, Ethereum’s trading volume has dropped significantly, pointing to reduced market activity. While the price has strugg…
The post Ethereum Faces Crucial Resistance as WLFI Adds $10 Million in ETH appeared first on Coin Edition.
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Ethereum Faces Crucial Resistance as WLFI Adds $10 Million in ETH
- Ethereum struggles near $3,143 as low trading volume limits upward momentum.
- WLFI’s $10M ETH accumulation hints at strategic positioning despite price decline.
- RSI at 42.82 signals weak momentum, while MACD indicates lingering bearish pressure.
Ethereum (ETH) is currently in a period of price consolidation, which hints at a possible breakout. According to an analysis by the analytic firm CryptoBusy, on-chain data shows that World Liberty Financial (WLFI), backed by Donald Trump, has increased its ETH holdings.
The entity added 3,191 ETH, valued at approximately $10 million, increasing its total holdings to 62,789 ETH. This accumulation happened during a decline in ETH’s price, which suggests potential strategic positioning.
$ETH's move is a calm before the storm!@realDonaldTrump backed World Liberty Financial $WLFI added another 3,191 $ETH
— CryptoBusy (@CryptoBusy) January 29, 2025
It currently holds 62,789 $ETH, according to data from Arkham Intelligence. pic.twitter.com/L8vkMH3Vfa
Additionally, Ethereum’s trading volume has dropped significantly, pointing to reduced market activity. While the price has strugg…
The post Ethereum Faces Crucial Resistance as WLFI Adds $10 Million in ETH appeared first on Coin Edition.
Read More