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    Ether’s price might exceed $3,200 following heightened interest after Trump’s re-election

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    Ether’s value could surpass $3,200 due to heightened interest after Trump’s re-election. Following the election results, Ether exchange-traded funds (ETFs) saw a significant influx of investments, with experts predicting this trend might push its price up. Once Bitcoin maxes out its market share, it’s expected that more people might move to invest in Ether. With Bitcoin potentially exceeding $100,000 by 2024, experts are bullish about the future of the crypto market. Enhanced interest in Ether ETFs could push its price beyond its highest value of $4,800 reached in 2021.

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    Experts predict Ether might surge past $3,200 due to increased interest following Donald Trump’s re-election as U.S president.

    On November 6, it was announced that Trump snagged another term as president. Since then, there’s been a positive flow into Ether exchange-traded funds (ETFs), which basically means people are putting more money into the cryptocurrency. Specifically, on the days following the election, there was a net increase of $52.3 million and $79.7 million.

    And experts think this trend may push Ether’s price up to $3,200 pretty soon. Here’s what they’re saying: if Ether breaks out of its current trading range (where a lot of investors have been buying it up), it could potentially start to rocket.

    The expectation is that once Bitcoin’s caps off its market share (probably around 60%), more people could flock to Ether. As of November 8, Bitcoin made up 60.4% of the total cryptocurrency market.

    A slew of analysts are bullish on what the future might hold for the crypto market after Trump’s re-election. Ryan Lee, the chief analyst at Bitget Research, even thinks Bitcoin might exceed $100,000 before the end of 2024.

    Adding to the buzz, Bitcoin’s price hit an all-time high of over $76,400 on November 6, just after Trump was chosen as president for another term.

    An analyst named Edward Wilson from Nansen, a blockchain analytics provider, suggested that Trump’s victory could speed up the launch of the first staked Ether ETF – which is a kind of fund that would maximize the benefits of Ether as an investment.

    If that happens, Wilson says Ether will become a must-watch asset. To put it simply, ‘Ether is cool again.’

    More Ether ETFs could push Ether’s price above its previous highest point of $4,800, which was reached nearly three years ago in November 2021.

    On a final note, it’s worth mentioning that when Bitcoin’s price crossed the $50,000 mark, nearly 75% of new investment came through ETF inflows. That happened in February 2024, a month after spot Bitcoin ETFs first popped up in the U.S. So who knows where Ether could end up?

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