Ether Eyes $3.2K Breakout as ETF Inflows Turn Positive

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Trump’s election victory has inspired more optimism among crypto analysts, with some expecting Bitcoin to breach $100,000 before the end of 2024, boosting Ether’s price along the way.

Analysts are eying an Ether rally above $3,200, driven by a growing risk appetite after Donald Trump’s victory in the United States presidential election.

On Nov. 6, Trump was declared the winner of the election, securing his second term as US president.

Inflows into spot Ether exchange-traded funds (ETFs) turned positive after the US election results, with the ETFs seeing $52.3 million in net positive inflows on Nov. 6 and $79.7 million on Nov. 7, Farside Investors data shows.


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