financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
5 Reasons to Be Bullish on Ethereum (ETH) Despite January Drop
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
5 Reasons to Be Bullish on Ethereum (ETH) Despite January Drop
Jan 29, 2025 10:48 PM

“We are not bulled up enough about Ethereum,” said former UBS bond trader and Etherealize founder Vivek Raman on Jan. 29.

It has been more than a week since Donald Trump’s inauguration, and the “entire Ethereum ecosystem has been reborn,” he added, referring to the recent leadership shakeup at the Ethereum Foundation.

Ethereum now has “structural” and not cyclical tailwinds for 2025, he said. However, none of that is being reflected in the asset’s price action yet as the ETH angst continues.

5 Reasons to be Bullish on ETH

The Trump family’s DeFi project, World Liberty Finance, has been buying and building on Ethereum. Around 64% of the project’s $400 million portfolio is in ETH, and Lido staked ETH (stETH), according to Arkham Intelligence.

“Ethereum is the gold standard and the most secure platform for DeFi,” he said before adding, “ETH is the primary reserve asset for the digital economy.”

WE ARE NOT BULLED UP ENOUGH ABOUT ETH

It’s been ~1 week since the inauguration

And entire Ethereum ecosystem has been reborn

5 reasons why ETH now has **structural,** not cyclical tailwinds for 2025 and beyond:

(0/6)

Raman noted that on the buy side, asset managers and hedge funds “are vocally all in on tokenization,” adding that “all roads for tokenization flow through Ethereum.”

Additionally, investment banks are embracing crypto functionality. “And what is the safest, most secure blockchain with programmatic finance capability? Ethereum.”

One of the biggest catalysts for Wall Street adoption is the repeal of SAB 121, Biden-era legislation restricting the ability of banks to custody crypto.

“Suffice to say, the floodgates are open for banks to custody ETH, BTC, and tokenized assets on their balance sheets.”

Finally, staked Ether ETFs are likely on the horizon as the new SEC chair is pro-innovation, he said before concluding, “Ethereum is the new operating system for the global economy.”

ETH Price Still Weak

Investor and entrepreneur Ted Pillows observed that ETH is forming ‘higher lows’ in the longer timeframe, with $4,000 being the crucial level.

Once resistance there is broken, “I’m expecting Ethereum to hit $9K to $10K within 3-4 months. Trump will buy more and more,” he said.

Analyst ‘Crypto Admiral’ agreed, stating, “Ethereum is on the verge of something big,”

#Ethereum is on the verge of something big, and the excitement is palpable!

Buckle up, because this could be a turning point! pic.twitter.com/z3Sd18jXcv

ETH has gained 2.3% on the day to reclaim $3,200 at the time of writing but still remains down 13.5% from its January high. It has failed to follow other altcoins, which have rallied and remain range-bound for now.

Nevertheless, the month of February has been historically bullish for ETH, which is providing a ray of hope for investors following a depressing January for price action.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bitcoin Price Analysis: Can Bitcoin Bounce Back to $100K Following 8% Weekly Drop?
Bitcoin Price Analysis: Can Bitcoin Bounce Back to $100K Following 8% Weekly Drop?
Dec 23, 2024
Bitcoin has been navigating an ascending consolidation phase near its critical $108K resistance level, recently encountering a sharp decline. However, strong support zones suggest a potential for a short-term bullish rebound. Technical Analysis By Shayan The Daily Chart Bitcoin has undergone an ascending consolidation phase near the $108K resistance region, only to face increased selling pressure and distribution activity from...
Dogecoin (DOGE) Price Can Skyrocket by 12,000% If History Repeats
Dogecoin (DOGE) Price Can Skyrocket by 12,000% If History Repeats
Dec 23, 2024
TL:DR; Dogecoin was once the top-performing cryptocurrency after Donald Trumps victory, going from under $0.15 to almost $0.5. Although it has lost its momentum, especially in the past week or so, history shows that its most spectacular price surge during this cycle could still be around the corner. DOGEUSD. Source: TradingView Can DOGE Pull a 2021-Like Rally? Perhaps due to...
Bitcoin Struggles at $96K, Will Crypto Correction Worsen This Week? (Market Watch)
Bitcoin Struggles at $96K, Will Crypto Correction Worsen This Week? (Market Watch)
Dec 23, 2024
Bitcoins struggles continue as the asset fails to initiate a notable recovery, and its price is still below or around $96,000. The altcoins are not in great shape either, with many, such as XRP, ADA, and AVAX, still 3-4% down on a daily scale. BTC Keeps Struggling A lot can change in the cryptocurrency markets within a week, and this...
3 Things That Could Influence Crypto Markets This Week
3 Things That Could Influence Crypto Markets This Week
Dec 23, 2024
Crypto markets are in correction mode, dropping around 13% from their peak last week. There are a few economic reports due out this week despite it being a holiday period. However, they are unlikely to impact crypto markets. “We expect volatility from last week to carry over into early this week,” commented the Kobeissi Letter. Economic Events Dec. 23 to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved