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TL;DR Ethereum (ETH) has pumped in the past 24 hours, with analysts predicting potential 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 surge, increased holdings by World Liberty Financial, and Trump’s executive order to explore the establishment of a “National Digital Asset Stockpile.” ETH Has Finally Flexed Muscles Ethereum (ETH) remains the second-largest cryptocurrency in terms of market capitalization, but throughout this bull cycle, it has failed (so far) to impress the community. And while Bitcoin (BTC), Solana (SOL), and many more have recently reached record price peaks, ETH is still in red territory on a monthly scale. However, the asset witnessed a substantial resurgence in the past 24 hours, and some industry participants took this as a sign that a major rally could be just around the corner. According to CoinGecko’s data, ETH currently trades at approximately $3,400, representing a 6% increase on a daily scale. ETH Price, Source: CoinGecko One of the optimists is the X user CRYPTOWZRD. The analyst believes a breakout above the $3,550 resistance level could push ETH to $4,000 and beyond . According to Cold Blooded Shiller, the cryptocurrency is attempting to “form a new trend from here,” envisioning a potential spike to a new all-time high of $5,000 by March this year . CrediBULL Crypto outlined even more bullish forecasts . The former cited ETH’s HTF PA (High Time Frame Price Action) to assume that the asset could be poised for a major comeback in the near future . “ETH is going to come back with a vengeance in the coming months, and ironically enough, it seems it’s going to leave some of its strongest supporters behind. 10k is a bare minimum once we break out, imo , and I think 20k is certainly not unreasonable by the end of the cycle .” Why is ETH Pumping? One obvious factor that has potentially contributed to the asset’s positive performance in the last 24 hours is the overall resurgence of the crypto sector. Bitcoin (BTC) and many of its leaders are all in the green today (January 24), while the industry’s global market capitalization has soared to almost $3.8 trillion. Another reason could be World Liberty Financial’s decision to increase its holdings. Most recently, the DeFi platform, which has ties to US President Donald Trump and his family, purchased 3,079 ETH. Its total Ethereum possessions reached 74,228 tokens (valued at over $250 million at current rates). Last but not least, we should mention that Trump signed an executive order to review the creation of a “National Digital Asset Stockpile.” Initially, he intended to establish a strategic Bitcoin (BTC) reserve in the US, but the initiative’s scope seems to have expanded to other cryptocurrencies, too. The post Ethereum (ETH) Could Be Set for a Massive Comeback, According to Analysts appeared first on CryptoPotato .
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Trump Signs Executive Order Aiming to Support ‘Responsible Growth’ of the Crypto Industry
President Donald Trump has signed an executive order to support the “responsible growth” of the digital assets industry. According to a new memo released by the White House, Trump signed an executive order yesterday promoting the use of blockchains for individuals and entities. Other aspects of the order include protecting US citizens from the risks of Central Bank Digital Currencies (CBDCs) by barring them, promoting fair and open access to banking services for all, and defending the rights of those who choose to self-custody their assets. “The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership. It is therefore the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy.” The order also establishes a Working Group – made up of people in key roles such as the Secretary of the Treasury, the Attorney General, and the Homeland Security Advisor – that would consider creating a crypto stockpile out of the digital assets legally frozen by the Federal Government. “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.” Trump’s order also establishes protections for miners, saying that they could freely engage in developing, mining, and validating. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trump Signs Executive Order Aiming to Support ‘Responsible Growth’ of the Crypto Industry appeared first on The Daily Hodl . Crypto Potato
Congress Begins Investigating Crypto Debanking and Operation Choke Point 2.0
In a letter sent to crypto executives Friday, the chair of the House Oversight Committee announced an inquiry into alleged debanking. Crypto Potato
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Fineqia launches world’s first DeFi yield Cardano ETN
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