Ethereum Surge Attracts With a 16% price increase that drove Ethereum (ETH) past the crucial $2,200 mark, the altcoin has made a spectacular comeback in the past 24 hours. Not only has this explosive surge, which traders refer to as a “god-candle,” energised the retail market, but it has also revived primary institutional interest. Among the main participants spearheading the movement is World Liberty Financial, a distributed finance (DeFi) project connected to Donald Trump that lately added 1,587 ETH to its portfolio, worth almost $3.5 million.
Ethereum Surge Attracts Big Investors
With its quick comeback from sub-$1,800 levels attracting interest from heavyweight investors, Ethereum’s price action has defied bearish trends dominated early 2024. As Ethereum started its positive reversal, a wallet connected to World Liberty Financial completed a significant ETH acquisition, claims Arkham Intelligence. The project’s leadership, especially Eric Trump, has openly shown a great optimistic view on Ethereum’s long-term viability and expansion possibilities.
This fresh confidence is not isolated. Over the previous 24 hours alone, well-known worldwide investment company Abraxas Capital pulled 49,644 ETH—about $92 million—from top-tier cryptocurrency exchanges, including Binance and Kraken. This implies a strategic orientation in expectation of an additional Ethereum surge.
Complementing the optimistic view, the Ethereum Foundation recently revealed intentions to fund ecosystem development for Q1 2025 with $32 million. The money will help Layer 2 rollups, Ethereum’s scalability projects, and decentralised application (dApp) innovation.
ETH Eyes Bullish Momentum
Technically, Ethereum has overcome a notable degree of barriers. According to Coinglass, ETH’s daily trading volume has surged 125% to over $38 billion while futures open interest shot 16% to $26.31 billion. The derivatives market has also seen high volatility with 24-hour liquidations exceeding $283 million, of which $235 million were short positions, indicating bearish traders being forced out of the market.
On-chain researcher Ali Martinez pointed out $2,380 as a crucial resistance level and called it a “supply wall.” Should Ethereum surpass this level, the altcoin might pick up more speed and indicate the start of a protracted bull run.
Concurrently, esteemed cryptocurrency trader Rekt Capital reported that Ethereum’s hegemony over the larger crypto market was starting to follow historical trends, especially a structure last seen in September 2019. The analysis suggests Ethereum could enter a new price channel between $2,200 and $3,900.
Ethereum Rises on Trade Deal Hopes
Beyond the crypto market, geopolitical and economic shifts also play a role. As reported by CoinGape, the recently announced UK-US trade agreement has unlocked an estimated $1.8 billion in institutional demand for Ethereum. Analysts suggest that this agreement may foster favourable regulatory conditions and open new pathways for cross-border blockchain innovation, thereby strengthening Ethereum’s narrative as a global financial infrastructure layer.
This makes World Liberty Financial’s recent accumulation all the more timely. As macroeconomic alignment increases with blockchain-based financial infrastructure, Ethereum’s value proposition as a programmable, decentralised settlement layer becomes even more enticing.
Future Outlook
While Ethereum’s 16% daily gain is impressive, the main question is whether this momentum is sustainable. Much will rely on how the network scales, the success of Layer 2 integrations such as Arbitrum and Optimism, and Ethereum’s continued supremacy in decentralised banking, NFTS, and enterprise adoption through tools like MetaMask and Infura.
With institutional inflows rising and market structure turning in Ethereum’s favour, the following resistance levels to watch are $2,380 and $2,650. If cleared with significant volume and confidence, ETH may start a prolonged accumulation-to-expansion phase akin to its 2020-2021 cycle.
