“We are not bulled up enough about Ethereum,” said former UBS bond trader and Etherealize founder Vivek Raman on Jan. 29. 🧐
It’s been more than a week since the inauguration, and Raman claims, “The entire Ethereum ecosystem has been reborn.” As if a phoenix needed an inauguration to rise from the ashes. 🦅🔥
Ethereum apparently has “structural” and not just cyclical tailwinds for 2025, he added. However, none of this excitement is showing in the asset’s price action, which is still dealing with some serious ETH angst. 🤦♂️
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,” Raman boasted, 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 the entire Ethereum ecosystem has been reborn
5 reasons why ETH now has structural, not cyclical tailwinds for 2025 and beyond:
(0/6)
— Vivek Raman (@VivekVentures) January 29, 2025
Raman noted that asset managers and hedge funds “are vocally all in on tokenization,” adding, “All roads for tokenization flow through Ethereum.” 🛣️🛤️
Investment banks are also jumping on the crypto bandwagon. “And what’s the safest, most secure blockchain with programmatic finance capability? Why, Ethereum, of course!” 🏦💻
One of the biggest catalysts for Wall Street adoption is the repeal of SAB 121, a Biden-era rule that restricted banks from holding crypto. “Suffice to say, the floodgates are open for banks to custody ETH, BTC, and tokenized assets on their balance sheets.” 🚀IRONically, 🪁
“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, thanks to the new SEC chair’s pro-innovation stance. “Ethereum is the new operating system for the global economy,” Raman concluded with a flourish. 🌍💡
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 predicted. 📈💸
Analyst ‘Crypto Admiral’ agreed, stating, “Ethereum is on the verge of something big,” and the excitement is palpable. 🤩
#Ethereum is on the verge of something big, and the excitement is palpable!
Buckle up, because this could be a turning point!
— Crypto Admiral (@Crypto_admiral1) January 28, 2025
ETH has gained 2.3% on the day to reclaim $3,200 at the time of writing but remains down 13.5% from its January high. While other altcoins are rallying and range-bound, ETH is lagging behind. 🐢🏁
Nevertheless, February has historically been a bullish month for ETH, providing a glimmer of hope for investors who have been through a depressingly bearish January. 🌟🌈
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2025-01-30 09:41