[Analysis] Ethereum Approaches $3500... "Expected to Surpass $4000 Before Trump's Inauguration"

There is an analysis suggesting that the price of Ethereum (ETH) could surpass $4000 before the inauguration of U.S. President-elect Donald Trump.

According to Cointelegraph on the 25th (local time), global virtual asset exchange Bybit stated, "Bybit's analysts expect the price of Ethereum to reach $4000 before January 20th." The inauguration of President-elect Trump is scheduled for January 20th. As of 11:10 AM on the 26th, Ethereum is trading at around $3460 on CoinMarketCap.

Optimism for Ethereum has been steadily raised since last month. The influence of Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC) under the Biden administration, announcing his intention to resign is significant. As a result, Ripple's price has recently shown a sharp rise.

There are also forecasts that Ethereum's price could exceed $5000 next year. Virtual asset analyst Lucky mentioned on X, "A big move is expected after the (year-end) holidays," and "The target price for Ethereum in this cycle is $5000." Virtual asset management company VanEck predicted that Ethereum's price will surpass $6000 next year.