Ethereum (ETH) has been on an impressive upward trajectory in recent days, with its price surging over 6% and reaching $3,350. This rally comes amid growing discussions about Ethereum potentially becoming part of the United States’ national digital asset reserves. This has stirred excitement among investors and analysts alike, speculation that Ethereum’s price could reach $10,000 in the near future.

In the past few days, Ethereum’s price has surged to $3,406.33, with its market capitalization breaking past the $410 billion mark. Additionally, Ethereum’s daily trading volume saw a 34% increase, hitting $34 billion. The surge in Ethereum futures open interest to $33 billion signals a strongly bullish sentiment among traders, who seem confident that Ethereum is poised for a substantial rally.

World Liberty Financial’s Big Moves Fuel ETH Speculation

One of the major factors driving the speculation about Ethereum’s price rally is the continued accumulation of Ethereum by World Liberty Financial, a decentralized finance (De Fi) project backed by Donald Trump. World Liberty Financial recently acquired another 3,079 ETH, bringing its total holdings to an impressive 74,228 ETH. Of this total, approximately 45% (around 32,994 ETH) was accumulated just in the past three days, underscoring the growing institutional interest in Ethereum.

This ongoing accumulation of Ethereum by World Liberty Financial has led some analysts to believe that there could be larger institutional buy-ins in the future, especially if Ethereum becomes part of the US national digital asset reserves. Furthermore, in the past four days, World Liberty Financial has invested $181 million across six major tokens, including Ethereum, Bitcoin, and Chainlink, highlighting the importance of ETH within its portfolio.

The interest from institutional investors has helped fuel the idea that Ethereum’s price could continue to rise, especially in the wake of Donald Trump’s executive order to build a national digital asset stockpile. The executive order focuses on Bitcoin for the time being, but analysts expect Ethereum, along with other top altcoins like XRP and Solana (SOL), to eventually be included in the reserves as well.

Ethereum’s Path to $10,000

Ethereum’s recent price action has also formed technical patterns that suggest a potential rally ahead. According to popular crypto analyst IncomeSharks, Ethereum’s price is nearing the point where it could break free from a downward trending channel, setting the stage for a significant price surge toward $4,000. Another crypto analyst, Jelle, has identified a head-and-shoulders pattern on Ethereum’s price chart, which traditionally signals a bullish breakout.

Meanwhile, market analysts are now setting higher targets for Ethereum, with some predicting a price of $10,000 within the next 6 to 8 months. Analyst Crypto Patel believes that the inclusion of Ethereum in national reserves, along with ongoing institutional adoption, could be the catalysts for this kind of explosive price movement.

Institutional Moves and Market Sentiment

Ethereum’s price rally is not just driven by institutional buys from World Liberty Financial. Reports also highlight that significant Ethereum withdrawals have been made by institutional investors. In one notable example, five wallets controlled by a likely single entity withdrew 9,018 ETH worth $29.2 million during a recent market dip, which could signal confidence in Ethereum’s long-term growth.

With this growing institutional interest, the general market sentiment around Ethereum is undeniably bullish. If Ethereum is indeed included in the US national reserves, the demand for Ethereum could driving the price up to previously unimaginable heights.

The US National Digital Asset Reserves

In addition to the growing institutional interest in Ethereum, there has been increasing speculation about Ethereum’s inclusion in the US national digital asset reserves. Following Donald Trump’s executive order to build a stockpile of digital assets, analysts believe that Ethereum has a high chance of being added to the reserve. Crypto Czar David Sacks, in an interview with Fox Business, hinted that the US government is evaluating which digital assets will be included in the reserve but has not yet made a final decision.

If Ethereum is included in these reserves, it would mark a significant shift in the global financial landscape, with Ethereum gaining recognition as a store of value, similar to Bitcoin. This would likely trigger massive demand, leading to a sharp price increase.

Vitalik Buterin’s Support for ETH Growth

Ethereum’s founder, Vitalik Buterin, is also playing a pivotal role in driving the cryptocurrency’s growth. Buterin recently made investments in a startup called Etherealize, aimed at boosting Ethereum’s adoption on Wall Street. This move could further attract institutional investors and drive greater inflows into Ethereum, especially through Ethereum-focused exchange-traded funds (ETFs).

Conclusion

With the continued accumulation of Ethereum by institutional players like World Liberty Financial, the possibility of Ethereum becoming part of the US national reserves, and the formation of bullish technical patterns, the path to $10,000 for Ethereum looks increasingly likely. Whether Ethereum can achieve this ambitious target in the near future will depend on the growing institutional interest, potential regulatory support, and its ongoing development within the DeFi space.

As Ethereum continues to gain attention from major players in the market, its prospects for a rally to $10,000 and beyond remain strong. Only time will tell if Ethereum can make history and achieve a new all-time high.

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