A recent revelation that 95% of former U.S. President #DonaldTrump crypto portfolio is allocated to #Ethereum (ETH) has sparked heightened bullish sentiment within the cryptocurrency community. This development is fueling renewed optimism for a substantial upward movement in $ETH price, with analysts projecting new all-time highs (ATHs) ranging from $6,000 to as high as $12,000.
Ethereum Dominates Trump’s Crypto Holdings
According to on-chain and portfolio tracking data shared by World Liberty Finance, Ethereum constitutes the overwhelming majority of Trump’s crypto assets. This significant allocation has been interpreted by market observers as a strong vote of confidence in the leading altcoin, reinforcing expectations for a forthcoming ETH-led market rally.
Broader Market Trends Support Bullish Momentum
The overall cryptocurrency market appears to be positioning for an upward surge. #bitcoin ($BTC ) is currently trading above the $109,000 level, and analysts anticipate a near-term retest of its previous ATH, with projections extending toward $114,000 to $137,000. This upward trend in BTC is seen as a precursor to a broader altcoin rally, historically referred to as "altseason."
While previous market cycles saw altseason emerge in Q1 following a Bitcoin halving event, the current cycle has deviated from that norm. In a notable first, BTC achieved a new ATH prior to the 2024 halving, prompting an early market pump and an extended correction phase. Analysts now suggest the market has stabilized, with most CME gaps filled, setting the stage for the next leg up in the bull cycle.
ETH Price Outlook Strengthens
Market analysts are increasingly focusing on Ethereum as the likely catalyst for the next altseason. As of the latest data from CoinMarketCap, ETH has gained over 2.5% in the past 24 hours, with the price currently standing at $2,576.62. Some traders have observed what they describe as a “small god candle” forming on ETH’s chart—potentially signaling the start of a significant bullish breakout.
With market attention shifting toward altcoins and Bitcoin dominance showing signs of easing, Ethereum is expected to play a pivotal role in leading the next phase of crypto market growth.
Conclusion
The strong weighting of Ethereum in Donald Trump’s crypto portfolio has added fuel to the narrative of a major ETH price rally. As market conditions align and sentiment improves, Ethereum is once again at the center of investor focus. With ATH targets between $6,000 and $12,000 being discussed, the coming weeks could prove critical for ETH and the broader altcoin market.
