Trump’s presidential victory inspired a new wave of optimism, including predictions for an imminent Ether rally to $3,200 and hopes for a reform of the US SEC.
Donald Trump’s victory in the United States presidential election catalyzed a wave of investor appetite for risk-on assets like cryptocurrencies, setting up Ether for a short-term breakout above $3,200, according to market analysts.
The Republican victory is also sparking more optimism for clearer crypto regulations in the next four years, inspiring crypto thought leaders such as Coinbase’s chief legal officer, Paul Grewal, to urge the US Securities and Exchange Commission (SEC) to improve its stance on the crypto industry for Trump’s second term.
Analysts are eying an Ether rally above $3,200, driven by a growing risk appetite after Trump’s election victory.
