The recent victory of Donald Trump in the U.S. election has sparked significant interest in Ethereum ETFs. On November 8, spot Ethereum ETFs saw a net inflow of $85.9 million, their largest in six weeks. This surge comes alongside a recent Federal Reserve rate cut, contributing to the inflow.
Market analysts are now optimistic about Ethereum, predicting that the increased interest in ETFs could push the price of ETH to $4,000. The inflow reverts several weeks of prior outflows, suggesting a renewed confidence in Ethereum among investors.
This development is significant for the cryptocurrency market, especially for investors focused on Ethereum. The confluence of political events and monetary policy changes has primed the market for what many believe could be a substantial price increase in Ethereum.
