, marking a significant investment at a time when ETH Prices were down.){kind=link}
Donald Trump’s World Liberty Financial has undertaken a huge Ethereum purchase while ETH prices were trading low.
According to data, Trump’s World Liberty Financial has made a substantial investment by buying 86,000 Ethereum (ETH).
The company’s cryptocurrency holdings have grown significantly as a result of this deal, reaching an astounding $420 million in total.
The move comes against the backdrop of Ethereum prices plunging in the previous day.
Ethereum Prices Slump Amid Boarder Market Fall
Ethereum’s value fell 10.07% to settle at $2,933.47 earlier in the previous trading day. This was Ethereum’s largest one-day decline since August 5, 2024. As a result of the sharp dip, Ethereum’s market value fell to $354.13 billion, or 18.59% of the total market capitalization of cryptocurrencies.
The fall in the price was in tandem with the larger crypto market weakness which was caused by Donald Trump’s decision to impose huge tariffs.
Additionally, a major factor in the token’s limited trade has been investor fears about the expansion of the Ethereum ecosystem.
Also Read: Donald Trump’s DeFi Project World Liberty Financial Eyes TRX Acquisition Amid Financial Challenges
WLFI’s New ETH Buy Shows Confidence in The Token
The Ethereum buy demonstrates World Liberty Financials’ increasing faith in Ethereum, one of the most popular blockchain technologies, and its worth and potential.
Since the purchase came when Ethereum prices were trading low, WLFI likely expects a price rebound for the token.
This audacious move demonstrates the company’s long-term financial strategy’s strategic shift toward digital assets.
ETH Market Indicators: What to Expect?
In tandem with the larger market, the present sentiment for ETH is bearish, and the Fear & Greed Index is at 44 (Fear).
Ethereum’s price volatility over the past 30 days was 5.43%, with 14 out of 30 (47%) days being green. According to market data, there is an overall unfavorable feeling on the price of Ethereum, with 26 technical analysis indicators indicating bearish signs and 5 indicating bullish signals.
However, these market indicators could alter in the future if and when positive signs emerge.
In case the negative scenario plays out, Ethereum’s 200-day SMA will decline during the course of the upcoming month, reaching $3,052.76 by March 6, 2025. During the same course of time, Ethereum’s short-term 50-day SMA is predicted to reach $3,078.20.
An indicator that is widely used to determine if a cryptocurrency is overbought (above 70) or oversold (below 30) is the Relative Strength Index (RSI) momentum oscillator. The ETH market is now in a neutral position, as shown by the RSI reading of 34.67.
Also Read: Justin Sun’s $30 Million Investment Saved Trump’s World Liberty Financial Crypto Project