Donald Trump was crowned the new president of the United States. Trump has been acclaimed for his support of cryptocurrency as a crypto-supporter. Trump’s announcement to become the 47th US president has been met with great vigor. Bitcoin’s price soared for the first-time past $75K, while Ethereum surged up to 10%. Here is the possible ETH price by this weekend.
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Ethereum’s Rise of 10%: Why?
Donald Trump’s election as the US president has brought an historic conclusion to their elections. Trump’s pro-crypto position has led to a boom in the cryptocurrency market. The market was impacted by his election as the new US President, which led to Bitcoin surging past $75,000 and the altcoins rallying remarkably.
Santiment posted that Ethereum had been consolidating for a long time and finally broke free of its spell. It rose 10% to $2800. Santiment noted that ETH’s price has risen by more than 10% over the past 24 hours and now exceeds $2850. Market value of the token has increased by 13.37%. BTC/ETH metrics also increased by 8,5%, to 0.038%.
The market could witness a significant ETH spike if Ethereum follows this path. It may even trade above the $3000 threshold.
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The Prediction of Tokens’ Price for the Weekend
Ethereum (ETH), currently, is trading for $2837. Ethereum (ETH) is currently trading at $2837. CoinCodexEthereum might see a slight drop of 1% by November 10 to trade at 2,810.
The token could resume its price surge by the end this month, reaching a new mark of $2919.
“According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 5.79% and reach $2,919.43 by December 7, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 69 (greed). Ethereum recorded 17/30 (57%) green days with 3.47% price volatility over the last 30 days. Based on the Ethereum forecast, it’s now a good time to buy Ethereum.”
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Source: watcher.guru
