Joseph Lubin, CEO of ConsenSys, recently suggested that US President Donald Trump’s family could “build one or more giant companies” on Ethereum (ETH). In response to the
Will the Trump family start a business with Ethereum?
After relatively subdued price performance and limited public interest in 2024, ETH could see a revival in 2025. In a post on Holds ETH.
Data from Etherscan shows that World Liberty Financial’s wallet currently holds 55,719 ETH, worth more than $183 million at the time of this writing. Lubin’s recent comments suggest that the Trump family is becoming more involved in the cryptocurrency industry. He said:
The Trump administration will do good things for America, and that includes ETH, and consideration of how the United States can support Ethereum, the most capable and largest decentralized protocol ecosystem, for American interests. , it may eventually be possible to use Ethereum technology for government activities. Just like they currently do with the internet and web protocols.
Lubin also noted that in addition to Ethereum, the Trump family may also participate in other blockchain ecosystems such as Bitcoin and Solana. recent start Solana’s official Trump meme token appears to verify this statement.
In addition to ETH, World Liberty Financial wallet possession Other tokens such as Aave (AAVE) and Chainlink (LINK). The DeFi project is expected to go live soon.
Analysts Eye ETH Rally Soon
As Ethereum continues to trade in the low $3,000 range, cryptocurrency analysts are increasingly increasingly We are confident of an imminent rebound for the second largest digital asset by market capitalization.
Seasoned cryptocurrency trader Michael van de Poppe highlighted World Liberty Financial’s growing ETH exposure is a bullish signal for the cryptocurrency. Poppe added that 2025 could be a turning point for Ethereum performance.
From a technical perspective, cryptocurrency analyst Jelle shared a weekly ETH chart that shows a bullish inverted head-shoulders pattern forming, along with a large ascending triangle that Ethereum could soon break through.
Similarly, cryptocurrency analyst TraderSZ shared the following daily chart of ETH, showing a bullish descending triangle pattern. The analyst remains bullish on ETH for the long term and foresees a maximum target of $10,000.
However, Ethereum’s long-term underperformance is starting to show. crush The confidence of some whales. At press time, ETH is trading at $3,278, down 1% over the last 24 hours.
Featured image from Unsplash.com, X and chart from TradingView.com