Trump’s Victory Could Push Ethereum to $3,200!

Ethereum is gaining momentum, potentially breaking through $3,200. Optimism in the market, fueled by Trump’s election victory, is driving expectations that Bitcoin could reach $100,000 by the end of 2024, lifting Ethereum’s price along the way. Analysts are watching for an Ethereum rally above $3,200, spurred by growing investor appetite following Trump’s win.

On November 6, Trump was declared the winner of the U.S. presidential election, securing his second term as president.

Following the election results, inflows into spot Ethereum exchange-traded funds (ETFs) have turned positive. Data from Farside Investors shows net positive inflows of $52.3 million on November 6 and $79.7 million on November 7. These ETF inflows, combined with the growing investor interest following the Republican victory, could help Ethereum reach $3,200 in the short term, according to Bitfinex analysts.

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