Ethereum ($ETH) keeps gaining significance with a growing accumulation among institutional investors. As per latest data, Donald Trump’s World Liberty Financial (WLFi) has purchased 5.3K $ETH over the past week, signifying a massive increase in Ethereum accumulation among the US-based institutions. The crypto analyst took to social media to offer insights into the surging Ethereum accumulation.

Ethereum Sees Continuous Institutional Accumulation with World Liberty Financial Buying 5,000 $ETH

The latest buyout of up to 5,300 $ETH is a big move highlighting the ongoing Ethereum accumulation phase. With this purchase, the cumulative holdings of Trump’s World Liberty Financial have jumped to $15.8M in Ethereum as of the 9th of March. A crypto analyst going by “Crypto Rover” commented on this, saying the U.S. President is purchasing Ethereum as never before. This accumulation indicates that strategic institutional players are actively expanding their Ethereum positions while preparing for a likely price breakout.

At the moment, $ETH is changing hands at $2,083, showing a 8.22% price decrease over the past 24 hours. On the other hand, the 7-day price performance of Ethereum indicates a 18.29% price dip. Moreover, over the past month, its price has experienced a 24.45% decline. Additionally, its market capitalization stands at $262.45B, accounting for 1.70% surge. Simultaneously, the 24-hour volume of ETH is up to $9.71B, underscoring a 47.21% slump.

Potential Breakout Above $2,235 Could Drive $ETH Price to Further Heights

In line with the latest market statistics, Ethereum is witnessing diverse dynamics across prominent crypto exchanges. Particularly, on Binance, no notable sell wall is present. Hence, the liquidity is openly available for the purchasers. Nonetheless, on Coinbase, a critical sell wall operates around $2,235. The respective barrier is keeping the $ETH price from a robust upward trajectory. However, market onlookers anticipate a sheer price rise to $3,400 if Ethereum breaks this resistance.

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The 5.3K ETH buyout by World Liberty Financial indicates the continuation of the accumulation phase. In addition to this, a rise above the $2,235 mark could push Ethereum’s price to enormous heights. Keeping this in view, the market onlookers are closely watching for the potential indication of a price breakout.