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    Ether prices soar 37% in one week post-Trump election victory, fueling Ethereum network and futures market growth

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    Ether (ETH) prices rose over 37% in a week, following Donald Trump’s presidential election win. The surge has led to increased interest in Ether futures contracts and higher activity on the Ethereum blockchain. Apps on the Ethereum network also observed an 8% rise in activity, suggesting room for further growth of Ethereum’s network. Investor interest in Ethereum products, particularly spot ETH ETFs, spiked with $295 million inflows on November 11, with the Fidelity Ethereum Fund and BlackRock’s iShares Ethereum Trust ETF leading the way.

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    Ether, also known as ETH, has recently soared to prices not seen since late July, jumping over 37% in just a week! This surge followed Donald Trump’s win in the presidential elections, which sparked a surge of interest in cryptocurrencies. At the moment, Ether is bouncing around $3,392 per pop.

    Let’s dive further. Last week a ton of bullish traders started buying up Ether futures contracts, which are basically bets that Ether’s price will go up in the future. They were so bullish that the total value of these contracts hit an all-time high! Traders Alan and Olek confirmed that interest in Ether, the OG of altcoins, is on the rise again.

    Here’s another cool thing. According to data from CryptoQuant, everyday activity on the Ethereum blockchain, where Ether lives, has increased by 26% following Trump’s victory. What this tells us is that more users are hopping onto the network and making transactions with Ether.

    But that’s not all. Apps built on the Ethereum network have seen an 8% increase in activity over the past seven days. This, along with other promising data, suggests that there’s growing space for Ethereum’s network to grow, which can help push Ether’s price towards the $4,000 mark.

    Now let’s talk about Ethereum investment products, specifically spot ETH ETFs. These became hugely popular after Trump’s win – we’re talking $295 million inflows on November 11 kind of popular. With these funds, people are basically investing in Ether without having to actually buy and hold the crypto. The Fidelity Ethereum Fund led the way with a record $115.5 million in inflows, closely followed by BlackRock’s iShares Ethereum Trust ETF with $101 million.

    Ethereum investment products had been a hot commodity even before Trump’s win, attracting $157 million in the week ending November 8 and bringing total inflows for the year to $915 million. If this trend keeps up, we could see Ether prices reaching highs beyond $4,000 soon.

    Remember, investing in crypto can be a wild ride, so always do your research before diving in!

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