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 >
5 Reasons to Be Bullish on Ethereum (ETH) Despite January Drop
5 Reasons to Be Bullish on Ethereum (ETH) Despite January Drop
Jan 29, 2025
“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...
Former SEC Chair Gary Gensler Returns to MIT to Focus on AI and Finance
Former SEC Chair Gary Gensler Returns to MIT to Focus on AI and Finance
Jan 29, 2025
After four years of steering crypto regulations and financial market oversight, former U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is returning to the Massachusetts Institute of Technology (MIT). According to a January 27 statement from the research university, his focus will now shift to artificial intelligence (AI), fintech, finance, and public policy. Gensler’s New Role “I am honored...
Unicorn Fart Dust Creator Breaks Silence After $6.6M Hack
Unicorn Fart Dust Creator Breaks Silence After $6.6M Hack
Jan 29, 2025
Ron Branstetter, creator of the viral meme coin Unicorn Fart Dust (UFD), announced that his Phantom wallet had been hacked, leading to the loss of $6.6 million worth of UFD tokens, Solana, and other crypto assets. Branstetter shared the news during an emergency livestream, expressing heartbreak while reassuring the community of his unwavering commitment to the project. The $6.6 Million...
Fed Chair Calls for Crypto Regulation, Warns Banks Against ‘Excess Risk Aversion’
Fed Chair Calls for Crypto Regulation, Warns Banks Against ‘Excess Risk Aversion’
Jan 29, 2025
“I do think it would be helpful if there were a greater regulatory apparatus around crypto,” the US central bank chair said at the Federal Open Market Committee press conference on Jan. 29. He added that it is something Congress and the Fed have been “working on quite a lot.” “We’ve actually spent a lot of time, you know, with House...
Copyright 2023-2026 - www.financetom.com All Rights Reserved