Donald Trump’s $1M Ethereum Buy Raises ETH’s $60K Target Potential

US President Donald Trump has purchased over $1 million worth of Ethereum’s native token, Ether (ETH), fueling speculation of renewed political and institutional interest in crypto just as ETH approaches key breakout levels.

Trump-linked World Liberty Fi Behind $1M Ethereum Accumulation

A Gnosis Safe wallet labeled “World Liberty Fi” transferred over $1 million in USDC to CoW Protocol, according to onchain data flagged by analyst Crypto Rover.

💥BREAKING:

TRUMP JUST BOUGHT $1,010,000 $ETH.

HE KNOWS SOMETHING! pic.twitter.com/t31yAhPKTn

— Crypto Rover (@rovercrc) July 29, 2025

Within minutes, another transaction delivered 256.75 ETH—worth roughly $1.01 million—into the same wallet. This coordinated swap, routed through privacy-focused settlement layers, has raised eyebrows due to the wallet’s suspected ties to Trump.

“World Liberty Fi” is believed to be linked to Donald Trump through its role in funding and promoting the $TRUMP memecoin. Blockchain analysts have flagged it as a treasury or intermediary wallet tied to Trump-affiliated PACs and early token sale flows.

Symmetrical Triangle Breakout Eyes $7.3K ETH Price Target

Trump’s Ethereum buy comes as ETH trades above $3,880, its highest level since December 2024.

Ethereum appears to be breaking out of a multi-year symmetrical triangle, a classic continuation pattern that typically forms during consolidation phases.

The structure, drawn from the 2021 peak near $4,870 and multiple higher lows since mid-2022, suggests a tightening coil of price action resolving to the upside.

This is the second time ETH has tested this resistance zone since its 2022 peak. In the previous cycle, a similar triangle breakout led to a rapid 3x move. Based on the height of the triangle’s widest range, the current breakout could target levels near $7,300—a roughly 90% gain from current prices around $3,830.

Momentum indicators also support the move. The weekly RSI has flipped bullish, staying above 69 for the first time since early 2022, while ETH holds comfortably above its 50- and 200-week EMAs.

If confirmed, this breakout may mark the start of Ethereum’s next leg higher—fueled by ETF inflows, treasury accumulation, and growing political interest.

Ethereum is Eyeing $60K by 2026

Ethereum’s latest rally appears to be following a long-term ascending channel that has acted as both support and resistance since 2018, according to Crypto GEM.

This pattern—defined by two parallel trendlines sloping upward—suggests a structured, stair-step advance with recurring corrections along the way.

Fractally, Ethereum’s current breakout mirrors its behavior in previous cycles. Each time ETH rebounded from the channel’s lower boundary, it staged multimonth rallies toward the upper resistance band.

Notably, similar setups in 2020 and 2021 preceded a 10x surge from $400 to over $4,800.

If history repeats, Ethereum could be entering a comparable expansion phase. The channel’s upper bound now sits above $60,000 by mid-2026—potentially marking the next macro top if momentum holds.

Ethereum’s market strength has been further reinforced by more than 8.12 million ETH—6.73% of supply—now held by institutions and ETFs, according to Strategic ETH Reserve.