Ethereum Bulls Back in Control as Price Breaks $2,800
Ethereum is making an incredible comeback.
After yesterday’s massive sell-off, the world’s second-largest crypto has bounced back hard, climbing 33% from its recent low and almost wiping out the losses it sustained.
While XRP is the top altcoin gainer, all eyes are on ETH after its spot trading volume hit $52.7 billion in the past 24 hours.
Things are looking bullish, and with open interest climbing again, traders seem to be betting on more gains.
However, some investors remain cautious.
ETH is still around 45% below its December high, so there’s a long way to go before the token can be considered to be in a bull run.
Analyst Jonathan Carter believes the nearby ascending support line will be crucial.
If ETH can confirm the rejection of this support level on the daily chart, Carter believes the token could push back toward $3,100 in the coming days.
What’s Driving Ethereum’s Rebound? Key Factors Explained
So, what’s behind Ethereum’s aggressive rebound?
A few things all happened at once.
First, World Liberty Financial bought $5 million worth of ETH, adding another 1,826 tokens to their huge stash of over 61,000 ETH.
This big buy, which came right after Eric Trump praised ETH on Twitter, got the market’s attention.
And it also had an impact on the ETH ETFs.
The spot Ethereum ETFs had their biggest day in weeks, seeing over $83 million in inflows.
Ethereum itself also saw a boost in activity, with active addresses jumping 15% to 650,000.
Even the bigger picture is looking promising for crypto in general.
Trump’s announcement of a 30-day pause on trade tariffs has been a boost for investors.
This is evidenced by the Crypto Fear & Greed Index, which shot up to 72 from a low of 44 yesterday.
These combined factors help explain why the ETH price is rallying right now.
Meme Coin Sensation Wall Street Pepe Hits $68M in Presale – Last Chance to Grab Before Launch
It’s not just Ethereum that’s rallying – meme coins are on fire, too.
And Wall Street Pepe is one of the top performers.
This frog-themed project has gone viral in early 2025, with its presale already at $68.5 million and counting down to launch.
The presale is bringing in around $1 million daily, which shows how hungry retail investors are for the next breakout meme coin.
But Wall Street Pepe is different from most meme coins.
The team is on a mission to shake up the crypto market and take on the crypto whales.
They plan to offer a suite of trading tools, including signals and market analysis, to give everyday traders an edge.
Wall Street Pepe’s team even plans to host weekly trading competitions with WEPE token prizes.
Crypto YouTuber ClayBro is excited by this setup.
He believes that if Wall Street Pepe keeps up its momentum, the WEPE token could hit a $1 billion market cap after launch.
That would put it among the world’s top five biggest meme coins.
Right now, early investors can secure WEPE tokens in the presale for just $0.0003665 each.
However, the presale ends in 12 days, so this is the last chance to get involved before WEPE hits the open market.
Some Telegram channel members even think WEPE could launch on Tier-1 exchanges if all goes well.
Time will tell if that happens – but this is clearly a meme coin to keep tabs on.
Conclusion
In conclusion, Ethereum’s price is on the rise, and investors are taking notice. The token’s recent performance has been impressive, with a 33% climb from its recent low.
While some investors remain cautious, the overall trend is looking bullish. With open interest climbing and traders betting on more gains, it’s likely that ETH will continue to push higher.
FAQs
Q: What’s driving Ethereum’s rebound?
A: A combination of factors, including World Liberty Financial’s big buy, the ETH ETFs’ inflows, and Ethereum’s own activity boost.
Q: What’s the current price of ETH?
A: As of this writing, ETH is trading at around $2,800.
Q: Is Wall Street Pepe a legitimate project?
A: While it’s hard to say for certain, the project’s presale has already raised over $68 million, and its team has ambitious plans to shake up the crypto market.
Q: Can I still invest in Wall Street Pepe’s presale?
A: Yes, but the presale ends in 12 days, so it’s the last chance to get involved before WEPE hits the open market.
Q: What’s the potential for Wall Street Pepe’s token?
A: According to Crypto YouTuber ClayBro, the WEPE token could hit a $1 billion market cap after launch, making it one of the world’s top five biggest meme coins.
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