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On November 10, the Ethereum (ETH) cryptocurrency exchange rate exceeded $3,200 for the first time since August 1, 2024 and reached $3,220.
The price of Ethereum rushed up on November 6 after it became known about the victory of Donald Trump in the US elections. The upward movement was suspended several times, but on Sunday the pump resumed, and the value of ETH broke through the $3,200 barrier, increasing by 33%. In addition, Leon Weidmann, head of the Onchain Insights research firm, noticed an increase in the number of Ethereum stakes. Given the above facts, it can be assumed that Ethereum will continue to rise in price, especially if ETH-ETFs are in demand among investors and cryptocurrency staking will remain relevant.
I think that in the event of the start of the altcoin season, ETH will rise in price and reduce its lag behind BTC. What do you think? 1 reply
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