- A Trump-linked wallet sold 5,471 ETH at a loss ahead of a potential Elliott Wave breakout indicating long-term Ethereum bullishness.
- ETH’s price aligns with key Fibonacci support near $1,475, signaling Wave (2) completion and setting the stage for a Wave (3) rally.
- World Liberty Financial plans a USD1 stablecoin airdrop on Ethereum as part of its technical test for WLFI token holders.
Lookonchain has flagged a major Ethereum transaction potentially linked to World Liberty Financial, a crypto firm backed by Donald Trump. A wallet identified by Arkham, possibly tied to the project, sold 5,471 ETH for $8.01 million at $1,465 per ETH. This sale occurred roughly 30 minutes before Lookonchain’s report.
Notably, this wallet had acquired 67,498 ETH at an average price of $3,259, totaling around $210 million. Consequently, this latest move suggests a realized loss and leaves the wallet with an estimated unrealized deficit of $125 million.
Despite the recent sale, technical indicators offer a bullish long-term outlook for Ethereum. An Elliott Wave analysis on a 3-day chart shows ETH forming a large impulsive structure. Wave 3 topped at $4,837.68, followed by an ABC correction into Wave 4, which bottomed mid-2022. From that point, ETH entered a rising channel, forming Wave (1) of a new impulse that peaked near $4,330.92.
Fibonacci Support Aligns With Wave Completion
Ethereum then corrected down to Fibonacci retracement levels of $1,712.93 and $1,385.86. These levels align with the 0.618 and 0.786 retracements. The current dip near $1,475.78 sits close to strong Fibonacci support, indicating Wave (2) completion. Hence, the setup prepares for a potential Wave (3) breakout targeting $2,600. Wave 3 of (3) could rally to $6,400. The full wave structure projects a peak near $13,766.40 at the 1.618 extension.
Volume analysis shows stronger trading during impulse waves. RSI confirms overbought and oversold zones aligning with wave movements. Additionally, Ichimoku Cloud analysis supports this view, with recent price action confirming short-term weakness. However, stochastic RSI signals that bearish momentum is weakening.
WLFI Plans Stablecoin Airdrop Test
Besides ETH moves, World Liberty Financial has proposed testing its airdrop mechanism for its stablecoin, USD1. The plan suggests distributing USD1 to WLFI holders as a technical trial. The exact amount depends on wallet eligibility and budget. USD1, introduced in March 2025, is pegged to the U.S. dollar and backed by Treasury bonds. The airdrop will occur on Ethereum.
