Expectation of a “wild rally” for Ethereum (ETH).

A major rally is expected for Ethereum (ETH), which is approaching $ 2,900 due to the effects of the elections in the US.

Known as the pioneer of altcoins, ETH did not lag behind in the crypto market, which rose after Trump won the elections. ETH increased by nearly 10 percent in the last 24 hours and touched $ 2,880. The leading altcoin has grown by 25 percent since the beginning of 2024.

Analysts argued that ETH, which is far from its all-time high, is undervalued. According to analysts, a significant increase may occur in ETH.

Crypto analyst Byzantine General addressed his followers via X on November 6. The analyst stated that he expected a “wild rally” for ETH.

Byzantine General used the following statements:

“I think ETH could start a big rally.”

Notable comments for Ethereum (ETH)

Data shows that the Ethereum (ETH) price has exceeded $ 2,800 for the first time since August. According to Cointelegraph, the rise in ETH surprised crypto investors.

Analyst Miles Deutscher stated that ETH performed better than BTC and SOL in the 24-hour period. Deutscher, who shared on X, used the following statements;

“Understand the incomprehensible”

Another crypto analyst Benjamin Cowen stated that ETH has a value below its potential against BTC. Cowen argued that the Simple Moving Average (SMA) in the ETH/BTC pair is an important indicator. According to the analyst, if the SMA in the pair in question breaks positively, the uptrend may intensify.

The ETH/BTC parity reached its lowest level in recent years at $0.03496 on November 6. ETH, which rose under the influence of Trump, anchored at $0.038 in the BTC parity.

Crypto investors predicted that ETH offered a potential buying opportunity and that the rise would continue.

Ryandcrypto, who made a striking price prediction, used the following statements:

“ETH rising to $5,000 will be the most important rally of all time.”

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