Following Donald Trump’s re-election, Ether is on track to hit $3,200 as strong ETF inflows signal rising investor confidence. With $132 million in post-election inflows, analysts are eyeing a bullish trend for Ethereum, highlighting a resurgence in the crypto market’s appeal.

Trump's Victory Sparks Ether Optimism and Bullish Predictions

Following Donald Trump's triumph in the US presidential election, analysts are predicting that Ether will soar above $3,200, propelled by an increased willingness to take risks.

The election results confirmed Trump's victory and his reelection as president of the United States on November 6.

Surging ETF Inflows Boost Ether’s Prospects

Investors began pouring money into spot Ether ETFs following the US election results, with $52.3 million going into the funds on November 6 and $79.7 million the next day, according to data from Farside Investors.

Bitfinex analysts predict that Ethereum's price might hit $3,200 in the near future due to ETF inflows and increased investor demand following the Republican triumph.

What the experts revealed to Cointelegraph:

“We do expect Ether to soon break out of its long-term range, where there has been heavy accumulation. Our target for the next few months remains at $3,200, and as soon as Bitcoin’s market cap ratio against the total market cap tops — our expectation is that it will be around 60% — we can expect Ether to have a run.”

Bitcoin Dominance Points to Imminent Breakout for Ether

According to the data, Ether might be getting ready for a breakout soon, since Bitcoin's dominance was 60.4% as of 8:10 am UTC on Nov. 8.

The prospect of Trump's second term as president has many experts optimistic about the future of the cryptocurrency market. Notably, Ryan Lee, principal analyst at Bitget Research, predicts that Bitcoin will surpass $100,000 by the end of 2024.

Increased Volatility in Ether Signals Growing Demand

A surge in spot market buying following the elections has already made the price of Ether more volatile.

According to Bitfinex analysts, this dynamic, in conjunction with the increasing open interest in Ether, will pave the way for the next breakthrough in the near future:

“Open interest has also skewed to abnormal levels, hitting $1.3 million versus just $800k in August in total, and our view based on Cumulative Volume Delta and bid/ask skew data that much of this is on the short side. This leads us to believe that in a month, Ether should start seeing good upside.”

Bitcoin’s Record High Reflects Investor Confidence

The price of Bitcoin hit a new record high of over $76,400 on November 6, just after Trump was elected president, demonstrating the increasing conviction of investors.

Analysts See Pro-Crypto Policy Under Trump’s Second Term

Analyst Edward Wilson of Nansen predicts that the next Trump administration will welcome new developments in the cryptocurrency market, such as the first staked Ether ETF, with open arms.

Cointelegraph was informed by the analyst:

“As the regulatory environment will likely be pro-crypto, we may even see a staked ETH ETF approved early in this new administration, which will fully leverage the benefits of ETH as an asset. If this occurs, then ETH will become an exciting asset to watch. Put differently, ETH is cool again.”

Potential All-Time High for Ether on the Horizon

An increase in Ether-based exchange-traded funds (ETFs) has the potential to push the price of Ether higher than its all-time high of $4,800, which was reached over three years ago on November 16, 2021.

In February, one month after spot BTC ETFs began trading in the US, Bitcoin's price soared beyond $50,000. Of the fresh investment in the world's first cryptocurrency, almost 75% came from ETF inflows.