Many are discussing the article by Arthur Hayes (former CEO of BitMEX), where he predicts a possible "black swan" before Trump's inauguration on January 20. Here's why I think it's unlikely:

ETH ETF. Applications for the spot ETH ETF submitted earlier will be reviewed on January 20, and, with a high probability, approved. This will provide a significant influx of liquidity into ETH.

Cryptocurrency support. Young people who support Trump, including due to his interest in cryptocurrencies, can expect positive news in the first months after the inauguration.

DOGE and Elon Musk. DOGE will be actively mentioned in the media, especially due to Elon Musk's company associated with it, which will probably start cooperation with the government.

These factors almost exclude the possibility of a "black swan" before January 20.