On November 28, BlockBeats news reported, based on Cointelegraph, that K33 Research’s research director, Vetle Lunde, stated that since Trump won the election on November 5, there has been a 160% increase in the Volatility Shares Ethereum Leveraged ETF position, which currently holds over 50% of CME’s Ethereum open interest.
Despite Ethereum’s underperformance compared to Bitcoin, market participants expect this trend to change in the coming months due to emerging technical chart patterns. Analysts predict that Ethereum could reach $20,000 by the end of the 2025 bull cycle. Ryan Lee, Bitget Research’s chief analyst, believes that ETF inflows and spot buying suggest that Ethereum will gain greater upward momentum in the next few weeks.
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<p>The post Ethereum’s VolatilityShares ETF Position Skyrockets by 160% since Trump’s Election Win: A Look at Market Expectations and Technical Chart Patterns first appeared on CoinBuzzFeed.</p>
