ETH Surges Due to the Trump Effect

[TomPluz]

After the very victorious election of Donald Trump last November 5, Bitcoin and Ethereum made some rally as the whole cryptocurrency industry and circle of investors felt that his election can be good for all of us. hence the prices of both assets surged ahead with Ethereum now almost clobbering up the $3K zone.

In the near-term, many analysts are looking at the possibility for Ether to easily reach beyond the $3200 level and yes even going as far as $3500 maybe in January when Trump will officially start his administration. Right now, spot Ether ETFs are getting positive inflows largely contributing to its rise in price.

Do you see this possibility or can there be other factors that can dampen this surge especially in the month of December?

[erus]

~snip~
In the near-term,
~snip~
Do you see this possibility or can there be other factors that can dampen this surge especially in the month of December?

Ethereum is still the best and is still ranked 1st on Coinmarketcap, I just saw on the Binance market that the price of Ethereum is around 2,922 dollars and as you said it will soon reach 3,000 dollars.
Unfortunately, I am not an applicant who can guess the price of Ethereum at any time, especially if you ask about the price of Ethereum in December.
Maybe experienced members who have known Ethereum for a long time will probably give the most appropriate answer to your question. For now I just pray that Ethereum can pass the price of 3,200 dollars in December.

[bounceback]

Ethereum have large impact after Donald Trump win the election, since dropped under $2,400 last several days ago when Donald Trump winning the US election drastically Ethereum price pump to $2,900 and too close raise up above $3k. Bitcoin effect break several time new ATH price bring positive side how easily for Ethereum back up above $3000 in short term, its most waiting for moment by Ethereum holder after longer time price of Ethereum keep dumping.
I got fatal mistake when selling my Ethereum price around $2,500 few hours before Donald Trump winning the election, I think will buy back if ethereum get drop price but seems difficult right now seeing Ethereum drop again under $2,5k.

[target]

Trumps win definitely activated the altcoins. Eth pumping to the roof will also means tokens in ERC contracts will also be pumping, it must be time to buy back the memecoins we sold.

And ETH been a year behind BTC when it comes to the growth in terms of price. It's just very timely that prices goes up while Trump won.

[Mia Chloe]

In my opinion I'll say ETH is actually doing as expected. Although it's Still the second biggest crypto currency in the market, it seems to be kind of retarded. My point is before this present bull which people tag as the trump effect, ETH already hit the $3k mark and during the period when the market was over all bearish Ethereum seemed to pull back more than necessary. The fact is that by now based on the position of Ethereum on the market it supposed to have been pursuing the $40k price mark.

Like I always say Ethereum's network is being retarded by the problem of it's infinite supply because judging from the very first periodof it's launch it should have surpassed $10k by now.

[vegasus]

The effect of Trump's victory has had a very rapid impact on the crypto market. Of course, it was initially because of how the price of Bitcoin skyrocketed so quickly that it was already at more than $93k. and that made most Altcoins skyrocket. especially Ethereum, whose position has always followed Bitcoin's journey. that's why the price of ETH also skyrocketed. Even now the price of ETH is at a rate of $3164, up more than 17% so far. this is very good for starting the altcoin season, even though I'm still waiting. but honestly I hope there will be a little correction first before the altcoin season on Eth so that I can collect more coins again,

[Azharul]

I am also agree with your topic and prefer comment. Because we know that in this time ethereum price is increase gradually. I also believe that gradually ethereum price also more increase. Because if we follow in cryptocurrency market, we saw that bitcoin price is increase day by day. So we believe that when bitcoin price will increase then others crypto currency will increase. So within a short time ethereum price will increase gradually. Because i believe that victory of trump also best reason for increase ethereum in cryptocurrency market.

[bayu7adi]

Ethereum's movement is so fast, I just realized that ETH is now at $3200... this is truly the bullish period of cryptocurrency that has been awaited for the past 4 years... ETH has truly become a coin with very good performance at this bullish moment, I think the community needs to thank Trump at this time, because they are getting huge profits from the holdings they have made.

There is still 1 month to go until the end of the year, and I think we can start thinking about exiting and taking profits.

[bitterguy28]

Do you see this possibility or can there be other factors that can dampen this surge especially in the month of December?

i think aside from normal fluctuations, we can sit back and be quite confident with the price movement now we might see the upward momentum until 2025 bitcoin will continue to surge and following trump’s actions i am sure it will reach higher prices even more so we can expect the altcoins to follow soon enough starting with the most obvious one being ethereum

i am getting very excited with what is about to come in the next few months let us buckle up!!

[Kemarit]

Ethereum's movement is so fast, I just realized that ETH is now at $3200... this is truly the bullish period of cryptocurrency that has been awaited for the past 4 years... ETH has truly become a coin with very good performance at this bullish moment, I think the community needs to thank Trump at this time, because they are getting huge profits from the holdings they have made.

Yeah, it's the effect of Bitcoin surging in prices like in every other day, right now we've seen $93,000 and so that effects on Ethereum is $3,200 and then we might see altcoin's bull run as well.

There is still 1 month to go until the end of the year, and I think we can start thinking about exiting and taking profits.

Not yet, Ethereum hasn't seen a new all time high, although it is getting closer, we should at least take profits when we established around $5,000. At least for me, that's where I'm looking at when trying to get my profit from Ethereum investments.

[Asiska02]

In the near-term, many analysts are looking at the possibility for Ether to easily reach beyond the $3200 level and yes even going as far as $3500 maybe in January when Trump will officially start his administration. Right now, spot Ether ETFs are getting positive inflows largely contributing to its rise in price.

Do you see this possibility or can there be other factors that can dampen this surge especially in the month of December?

From the moment bitcoin began to surge, there was no doubt that Ethereum is going to follow suit. The major cryptocurrency by market cap had a lot of inflow of demand after the success of Donald Trump in the presidential elections. Ethereum is the second big cryptocurrency by market cap and they are also following in the same path as bitcoin even though they’re yet to record a new all time high yet. I believe there’s still time for altcoins to record new highs and also the volatility nature of bitcoin making it to push upward doesn’t seem to be over just yet, we will see more and more of the surge in the coming months and altcoins have no choice than to follow suit even if they won’t record a new all time high for now.

[BitMaxz]

There might be a small effect, but I don't think there's a big impact on the ETH about the Trump victory. I believe the reason why Ethereum is rising is due to BTC. Ethereum is dominated by almost 60% by BTC, which makes ETH also rise when the price of BTC surges.

Consider the price of Bitcoin. It has already reached a new all-time high, but Ethereum hasn't yet to break the old ATH. It is still below the $4k level, while the all-time high is around $4,000.

[hugeblack]

Ethereum's performance is disappointing, it is true that the price is rising due to the value of the dollar, but against Bitcoin, we will notice that the value of Ethereum has decreased greatly, even the gains that were achieved from ETFs approval were easily erased.

[Paragon2]

Pumping only Bitcoin is pumping all coins, so current Bitcoin has a huge advantage for Donald Trump to win the election.  Because the prices of other coins, including Bitcoin, have risen to all-time highs, only the Ethereum coin has grown relatively less.  But we won't be disappointed yet because more price increases are very likely in the future, the price of Ethereum coin is very likely to reach at least 10 thousand dollars in this bull market.

[lombok]

Pumping only Bitcoin is pumping all coins, so current Bitcoin has a huge advantage for Donald Trump to win the election.  Because the prices of other coins, including Bitcoin, have risen to all-time highs, only the Ethereum coin has grown relatively less.  But we won't be disappointed yet because more price increases are very likely in the future, the price of Ethereum coin is very likely to reach at least 10 thousand dollars in this bull market.

Although Bitcoin’s movements can sometimes have huge impact within the crypto market circulation, it serves as an indicator on just how strong one coin can be in convincing and directing trust and investment. A great opportunity exists for anybody who comes into the market with a mature strategy both for trading and for investing over a longer term. A reminder of how every major change spawns opportunities and risks to be managed carefully, correlation between crypto asset prices is.

Ethereum, while holding still strong potential, still has great potential to grow greatly with the developing blockchain ecosystem. Ethereum is still not as fast growing as Bitcoin but its future potential is well beyond doubt. Each phases become a step closer to greater value in the future if we have faith in the technology behind the asset.