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Analyst: ETH may break through $4,000 before Trump's inauguration

Analyst: ETH may break through $4,000 before Trump's inauguration

Bitget2024/11/29 10:12

On November 29, according to Cointelegraph, the price of Ethereum (ETH) is expected to break through $4,000 before 2025 due to increased investor interest and more positive expectations for cryptocurrency regulation.

Analysts suggest that ETH could achieve this goal before Trump's official inauguration on January 20. Data shows that Ethereum currently surpasses Bitcoin (BTC) in terms of open contract size, reaching $890 million while Bitcoin stands at $670 million. Meanwhile, ETH's futures returns perform better than BTC's and the inflow of funds into the US spot Ethereum ETF continues to increase, absorbing over $90 million in funds over the past four days.

In addition, posts related to ETH on social media platform X have surged by 282% within three days, further reflecting a continuous rise in market attention towards ETH.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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