On November 28, BlockBeats news reported, according to Cointelegraph, Vetle Lunde, the Research Director of K33 Research, stated that since Trump won the election on November 5, the VolatilityShares Ethereum Leveraged ETF position has increased by 160%. Currently, VolatilityShares holds more than half (50.1%) of CME’s Ethereum open interest.
Despite Ethereum’s underperformance compared to Bitcoin, market participants expect this trend to change after the recent decline in ETH prices. Some analysts believe that Ethereum could reach $20,000 by the peak of the 2025 bull cycle based on emerging technical chart patterns. Ryan Lee, the Chief Analyst at Bitget Research, believes that ETF inflows and spot buying signal that Ethereum will experience greater upward momentum in the coming weeks.
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<p>The post Ethereum’s Price Upsurge: Market Anticipation and ETF Inflows first appeared on CoinBuzzFeed.</p>
