Ethereum News Today: Trump-Backed WLFI Buys $59M in ETH as Ethereum Approaches $4,000 and Institutional Demand Surges

World Liberty Financial (WLFI), a firm reportedly backed by former U.S. President Donald Trump, has allocated tens of millions of dollars toward Ethereum (ETH) as the cryptocurrency nears a critical $4,000 price level. On-chain data reveals that a WLFI-associated wallet purchased 6,145 ETH at an average price of $3,743, totaling $23 million. In the past week alone, the company has transferred $36 million to three addresses, acquiring over 10,013 ETH [1]. This aggressive accumulation coincides with broader institutional demand for Ethereum, driven by its role in real-world asset tokenization and stablecoin growth.

Ethereum’s total value locked (TVL) has surged to $83 billion, while its stablecoin market cap reached $130 billion, according to DeFiLlama [2]. Regulatory clarity from the GENIUS Act—passed in January—has further bolstered corporate adoption of stablecoins, solidifying Ethereum’s position as a key treasury asset for large institutions. Meanwhile, U.S. spot Ether ETFs, including BlackRock’s ETHA, have attracted over $5 billion in net inflows since mid-May, signaling renewed institutional confidence [3].

Technically, Ethereum faces a pivotal resistance zone near $4,000, a level that has historically capped its price since 2021. A breakout could trigger a rally toward its all-time high. Momentum indicators also favor bulls: the weekly MACD is turning positive, and the RSI is approaching 70, indicating an overbought condition [4]. However, the asset remains vulnerable to short-term corrections if it fails to close above $4,000, as the price nears the top of an ascending channel.

WLFI’s actions reflect a broader trend of institutional participation in Ethereum. The firm’s purchases align with growing corporate interest in tokenized assets and stablecoin-driven strategies. As the market absorbs these developments, analysts note that sustained buying pressure—particularly from politically connected entities—could amplify Ethereum’s upside potential.

Source: [1] [Trump-Backed WLFI Spends Millions as Ethereum Nears Explosive $4,000 Breakout] [https://coinmarketcap.com/community/articles/68813256f06ec312b0b50857/]; [2] [DeFiLlama Data] [https://defillama.com/]; [3] [BlackRock ETHA ETF Inflows] [https://www.blackrock.com/us/individual/etfs/blackrock-ethereum-etf]; [4] [On-chain Technical Analysis] [https://www.tradingview.com/].