Ethereum’s price action is once again catching fire. As the leading smart contract platform eyes a major psychological level at $4,000, a surprising development has reignited bullish sentiment a wallet linked to the Trump-affiliated WLFi project has scooped up 6,144 ETH, sparking speculation that an Ethereum breakout may be imminent.
According to CryptoRank, the wallet in question, which has already amassed over 10,000 ETH in recent days, continues to scale its position amid rising institutional attention. This aligns with growing evidence that Ethereum is becoming a strategic asset in corporate treasuries, as reported by CoinEdition.
But is this just another big buy or the signal that Ethereum’s long-awaited breakout above $4K is finally underway?
Trump-Linked Whale Activity Accelerates
Blockchain analytics platform Arkham Intelligence confirms that the address associated with WLFi has accumulated more than 10,000 ETH in under 10 days, including a recent 6,144 ETH purchase worth over $22 million at the time of writing.
What’s especially notable is the timing. These transactions occurred just as ETH began its latest leg higher, crossing the $3,700 mark and tapping intraday highs near $3,765. While crypto whales often make headlines, this particular wallet is drawing attention due to its link to a political and ideological movement that could be preparing for deeper crypto exposure potentially as a hedge or strategic reserve.
This accumulation pattern is fueling a growing belief that Ethereum breakout momentum could soon overcome the $4,000 resistance.
Ethereum Price Analysis: Can ETH Push Past $4,000?
Looking at the latest ETH/USD chart, Ethereum is clearly in breakout territory. Since mid-June, the asset has rallied from below $2,500 to over $3,750 posting gains of more than 50% in just a few weeks. This surge has been supported by strong daily volume, bullish market sentiment, and ETF inflows that mirror those of Bitcoin’s earlier 2024 rally.
Source: Trading View
However, the $3,800–$4,000 zone presents a historical challenge. Previous attempts to break and hold above this range have been met with strong resistance, leading to swift corrections. For the current rally to sustain an Ethereum breakout, ETH must close multiple daily candles above $3,900 with rising volume.
If successful, the next major resistance lies around $4,300 Ethereum’s previous all-time high set during the 2021 bull cycle. A decisive push past $4,000 would likely trigger new momentum traders and institutional inflows, setting the stage for a sustained run.
Corporate Ethereum Accumulation on the Rise
Beyond individual whales, there’s a broader trend forming companies are beginning to accumulate ETH as part of their corporate treasuries.
A recent CoinEdition report highlights a wave of strategic Ethereum purchases by both crypto-native and traditional firms. With Ethereum increasingly seen as programmable money, its appeal extends far beyond simple speculation. For firms building in Web3 or holding long-term crypto exposure, ETH is becoming as essential as Bitcoin.
This narrative adds further weight to the Ethereum breakout thesis. As on-chain data shows wallet distribution shifting from short-term speculators to long-term holders and institutions, the foundation for a sustainable move higher strengthens.
Final Thoughts: What This Means for the Ethereum Breakout
A politically-linked whale accumulating tens of millions in ETH isn’t something the market can ignore. Combined with growing ETF interest, rising adoption among corporates, and technical momentum building toward $4,000, Ethereum looks poised for a decisive move.
While short-term volatility may still test support around $3,600, the broader setup remains bullish. If Ethereum can claim and hold the $4K level, this could mark the start of a fresh leg toward new all-time highs potentially even beyond $4,500.
For now, all eyes remain on the $4,000 mark. A breakout here wouldn’t just be psychological it would confirm that ETH is ready to lead again in this market cycle.
