Originally published on: November 28, 2024
Ever since Donald Trump’s victory in the 2024 presidential election on Nov. 5, demand for leveraged Ether-based trading products has been on the rise, with investors flocking to open positions that allow the temporary borrowing of funds to amplify their trades. This surge in demand for leveraged products like the VolatilityShares 2x Ether exchange-traded fund (ETF) has seen a staggering 160% increase in just three weeks, according to Vetle Lunde, head of research at K33 Research.
With the momentum building, experts are optimistic that Ether may breach the $4,000 mark, marking a significant milestone for the world’s second-largest cryptocurrency. Despite lagging behind Bitcoin in recent months, Ether’s price is poised for a comeback, with analysts predicting it could reach $20,000 at the peak of the 2025 bull cycle.
In addition to the growing demand for leveraged ETFs, spot buying pressure and record stablecoin inflows to exchanges in November are also fueling Ether’s upward trajectory. This positive momentum, coupled with ongoing Ether ETF inflows totaling over $90 million, suggests that Ether is poised for a significant price rally in the coming weeks.
Bitcoin’s recent price surge to nearly $100,000 before a minor correction has also created favorable conditions for Ether’s price growth. While Bitcoin remains rangebound below the six-figure mark, experts believe this could be a catalyst for Ether to break past $4,000 and continue its upward trend.
As the crypto market continues to evolve, investors are eager to capitalize on the potential gains offered by Ethereum and other digital assets. With demand for leveraged ETFs on the rise and positive market indicators pointing towards further price growth, the future looks promising for Ether and the wider cryptocurrency market. Stay informed and explore new financial opportunities by subscribing to our newsletter for the latest developments in the world of decentralized finance.