Ether is gearing up for a potential rally above $3,200, spurred by increased investor confidence following Donald Trump's re-election as U.S. President. Recent data shows a surge in inflows into Ether ETFs, with $52.3 million on November 6 and $79.7 million on November 7. Analysts at Bitfinex predict Ether will soon break out of its long-term range, especially as Bitcoin's market cap dominance nears 60%. Additionally, Ether's open interest has reached $1.3 million, signaling a possible breakout within a month. A pro-crypto Trump administration could further boost Ether's prospects, potentially fast-tracking the approval of staked Ether ETFs.
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0
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