Analysts see that Ethereum has the potential to reach a new all-time high by December after it achieved its first breakout in three months. Its growth can be attributed to the growing optimistic sentiment on cryptocurrencies fueled by the results of the recently concluded national elections. Related Reading: Chainlink 125% Target In Sight As Whale, On-Chain Activity Soar—Analyst Ether Breaks The $3,000 Barrier Data has shown that Ethereum experienced a big price hike–a growth that analysts said could be the result of the triumphant victory of Donald Trump in the US elections. Analysts said that the second largest crypto in terms of market capitalization was able to move past the “critical” $2,000 level, peaking at $3,179 on Sunday noon. Ethereum’s price rally is being viewed as an indicator that after a period of stagnation, the digital currency will gain momentum and will be on the road to recovery, which is good news for ETH investors. Many analysts suggested that the growth has something to do with the incoming Trump administration. During the campaign, Trump has already hinted tha ..
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