Ethereum price has largely underperformed Bitcoin and other altcoin peers in recent times leading to a discussion whether ETH is dead. While top altcoins like XRP, Solana (SOL) have delivered over 25% returns on the monthly chart, ETH is down by 4% testing investors’ patience. As US President Donald Trump is pushing for a Fed rate cut ‘immediately,’ investors are hopeful of an ETH recovery from here. Analysts Predict Ethereum Price Hitting $20,000 Prominent crypto analyst, CrediBULL Crypto, has expressed strong confidence in Ethereum’s (ETH) long-term price trajectory. He pointed to “crystal clear high time-frame price action” (HTF PA) as a key indicator for a major rally. In a recent post, the analyst noted that the current bearish market sentiment aligns perfectly with Ethereum’s strong technical setup. Furthermore, it also signals a potential comeback for ETH moving ahead. “ETH is going to come back with a vengeance in the coming months,” CrediBULL stated. Source: CrediBULL Crypto CrediBULL set ambitious targets expecting the Ethereum price rally to a minimum of $10K once ETH breaks out of its current range. He further speculated that that $20K by the end of the cycle is “certainly not unreasonable.” ‘Ethereum is Dead’ Narrative Is Catching Up Again Amid strong underperformance among the peer altcoins over the past year, the sentiment around Ethereum is turning to be extremely bearish. Also, the ETH/BTC pair has hit fresh lows of $0.0300. However, crypto analyst Benjamin Cowen has offered a contrarian perspective on the ETH/BTC trading pair. He believes that the reversal could be on the horizon amid the prevailing market skepticism. “Now that ETH/BTC has collapsed, everyone thinks it’s dead,” he stated. Source: Benjamin Cowen He further added: “In 2023, no one could believe it would ever drop to 0.03. In 2025, no one believes it will ever go back up”. However, he expressed confidence in a potential recovery, predicting that the ETH/BTC pair will reverse course within the year. Cowen attributed the delay in this Ethereum price recovery to the ongoing effects of quantitative tightening (QT), which has exerted pressure on risk assets. Donald Trump Pushing for Fed Rate Cuts While addressing business leaders at the World Economic Forum in Davos, President Donald Trump said he will be pushing for the Fed rate cuts immediately. Amid the inflationary environment and strong US economy, the Fed is willing to hold interest rates higher with the first rate cuts not expected until mid 2025. However, Trump is willing to change this as he goes for a strong economic push during his tenure. The US President said: “I’ll demand that interest rates drop immediately. And likewise, they should be dropping all over the world”. This would bode well not only for Bitcoin but more importantly altcoins like Ethereum (ETH), XRP, Solana (SOL), and others, as Trump plans to make America the crypto capital of the world. Trump’s World Liberty Financial Accumulates Ethereum World Liberty Financial, Donald Trump family’s DeFi project, has been heavily accumulating Ethereum over the past week ever since his oath-taking. In the latest development, the DeFi project purchased 3,001 ETH and 95 WBTC for $20 million just two hours ago. This whale accumulation can further lead to an Ethereum price surge ahead. Over the past five days, the firm has invested a staggering $210.9 million in crypto assets. This includes $119.95 million spent on 35,995 ETH at an average price of $3,332 and $66.84 million used to acquire 629.1 WBTC. Currently, the fund holds 77,818 ETH valued at $257 million, of which 19,403 ETH are staked through Lido Finance, as per data from SpotonChain . Thus, as Donald Trump signed an executive order for a national digital assets stockpile , there is a high probability ETH could be part of the reserves. On the other hand, inflows into spot Ethereum ETF have shot up significantly. The investment vehicle saw only one day of outflow in the last 8 trading sessions. As of press time, the ETH price is trading 3.26% down at $3,288 with daily trading volumes dropping by 36% under $22 billion. The post Can Ethereum Price Hit $20K Amid Trump’s Fed Rate Cut Push & ‘ETH Dead’ Claims? appeared first on CoinGape .
