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Ethereum’s recent performance has lagged behind Bitcoin 
$103,914 and other altcoins, raising concerns about its future. While leading altcoins like XRP and Solana 
$171 have provided returns exceeding 25% on a monthly basis, Ethereum 
$2,504 has experienced a 4% decrease, testing the patience of its supporters. Calls from former President Donald Trump for a Federal Reserve interest rate cut are fueling hopes for Ethereum’s recovery among traders.
CrediBULL Crypto’s Long-Term Outlook
Prominent crypto analyst CrediBULL Crypto expressed confidence in Ethereum’s long-term price trajectory. He considers “high timeframe price movements” as a significant indicator, suggesting a major rally could be on the horizon.
“ETH will make a strong comeback in the coming months.” – CrediBULL.
CrediBULL anticipates Ethereum to escape its current range and reach a price of at least $10,000, asserting that a target of $20,000 by the end of the cycle is “reasonable.”
Concerns Over Ethereum’s Viability
The weakening performance of Ethereum has led to a prevailing bearish sentiment in the markets. Testing the 0.0300 levels in the ETH/BTC pair has intensified negative opinions surrounding Ethereum.
“With the collapse of ETH/BTC, everyone thinks it’s dead.” – Benjamin Cowen.
Despite the current market skepticism, Benjamin Cowen believes the ETH/BTC pair could reverse. He posits that a price recovery will be feasible as the effects of quantitative tightening fade away.
Trump Pressures Fed for Rate Cuts
During the World Economic Forum, Donald Trump announced his intention to push the Fed for immediate interest rate cuts. Given the inflationary environment and a robust U.S. economy, the Fed is expected to maintain high-interest rates.
“I will demand an immediate reduction in interest rates. They need to fall globally as well.” – Trump.
This move is perceived as positive for altcoins like Ethereum. Trump continues pursuing plans to make the U.S. a global cryptocurrency capital.
Recently, the DeFi project World Liberty Financial, owned by Trump’s family, boosted Ethereum holdings by acquiring 3,001 ETH and 95 WBTC for $20 million. Such significant purchases could trigger potential price increases for Ethereum.
Growing Interest in Ethereum ETFs
Interest in spot Ethereum ETFs has significantly increased, showing only one exit in the last eight trading days. At press time, ETH’s price was trading at $3,288, down 3.26%, with daily trading volume decreasing by 36% below $22 billion.
In light of Ethereum’s current market dynamics and Trump’s policies, investors may face various opportunities and risks. Staying updated on market developments is crucial for making informed investment decisions.
