š Ethereum Set to Surpass $4,000 Before Trumpās Inauguration?
Analysts predict that Ethereum ($ETH) could break the $4,000 barrier ahead of President Trumpās upcoming inauguration. Key factors influencing this projection include:
š Institutional Adoption: The approval of spot Ether ETFs has led to significant inflows, with over $215 million added in the three days following the election. ļæ¼
š¦ Regulatory Outlook: A favorable stance from the new administration is expected to boost decentralized finance (DeFi) platforms built on Ethereum. ļæ¼
š Technical Indicators: Ethereumās recent breakout above a descending channel, coupled with increased trading volumes, suggests a bullish trend. ļæ¼
š” Expert Insights: Some forecasts anticipate ETH reaching $8,000 by year-end, driven by ETF approvals and increased adoption. ļæ¼
š Market Sentiment: Positive developments have propelled $ETH to a three-month high, with a 38% increase over the past week. ļæ¼
