Ethereum Price Surges as Trump’s World Liberty Buys $5M – Is a New ATH Next?
Ethereum (ETH) is once again knocking on the door of its all-time high, stirring excitement across the crypto market.
After surging toward the $4,800 zone, ETH now sits just below its historic peak of $4,891.70, set back in November.
The question on traders’ minds: can Ethereum finally smash through the barrier and enter uncharted price territory?
Trump’s World Liberty Joins the Ethereum Buying Frenzy
Adding fuel to the narrative, on-chain data revealed that Trump’s World Liberty recently bought 1,076 ETH for 5.025 million USDC at a price of $4,670.
Large institutional-style purchases like that often reflect growing confidence in Ethereum’s trajectory, particularly at critical inflection points near key resistances.
That strategic acquisition underscores how deep-pocketed investors are positioning themselves for a potential breakout, reinforcing bullish sentiment at a moment when ETH’s market structure is tightening.
Ethereum Technical Indicators Show Bullish Momentum
The daily chart is tilting in favor of the bulls.
Ethereum is trading comfortably above both its short-term and medium-term exponential moving averages, a sign that momentum is gaining traction.
Daily chart for ETH/USD (Source: GeckoTerminal)
The MACD, which had recently softened, is curling back upward — signaling fading selling pressure and a potential resumption of upward momentum.
Meanwhile, RSI readings are climbing closer to overbought levels, suggesting strong buyer dominance, though they also hint at the possibility of short-term pullbacks.
Order Book Tension: A Wall of Resistance
The order book paints a fascinating picture of what’s at stake.
Strong bid walls between $4,813 and $4,824 suggest that buyers are willing to defend the $4,800 level aggressively. However, on the other side sits a massive ask wall at $4,825 with nearly 500 ETH in sell orders (≈$2.4 million USDT).
Additional sell pressure at $4,830 and $4,833 creates a formidable ceiling that must be cleared before ETH can make a run at its all-time high of $4,891.
If the bulls can absorb those layers of resistance, the path to a new record becomes significantly clearer. Failure, however, could trigger another round of consolidation or a pullback toward support zones at $3,747, $3,628, and $3,469.
Trading Strategy Outlook
For long traders, pullbacks into the $4,800–$4,820 region could present compelling entry points, provided bid walls hold.
A decisive breakout above $4,833 would likely attract momentum buyers chasing the long-awaited ATH retest, with targets extending into fresh price discovery above $4,900.
Short traders, meanwhile, may find opportunities around the $4,825–$4,833 resistance band, banking on rejection. Stops just above $4,850 would help manage risk in case of a bullish breakout.
Outlook: The Final Stretch Toward $4,891
Ethereum has been here before, but the combination of bullish technicals, strong bid support, and institutional-style buys like the one from Trump’s World Liberty gives this rally a different tone. If ETH can clear the thick sell walls and sustain momentum, a new all-time high is well within reach.
The coming sessions will determine whether this is just another rejection near the top — or the moment ETH finally breaks through its historic ceiling.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
