Donald Trump’s second presidential win has sent ripples of excitement across the cryptocurrency market. Bitcoin led the charge, surging 10% to a new all-time high of $76,203, as buying activity spiked amid renewed optimism. Investors are showing confidence, with Trump’s pro-crypto stance expected to influence favorable policies for digital assets. This victory is fueling hopes for more crypto-friendly regulation, particularly with potential SEC leadership changes, possibly paving the way for greater industry growth.
While there is so much noise of BTC, Ethereum is making waves, too, climbing to $2,878 with its Spot ETF witnessing substantial inflows. The market’s buzzing with one big question: Could Ethereum be on the verge of an explosive rally of its own? Several factors, from rising DeFi activity to renewed investor optimism, are driving ETH’s ascent, sparking predictions of a significant price surge ahead.
Let’s explore what’s fueling this rally and what might be next for Ethereum.
Dan Tapiero’s Bold Prediction for Ethereum
Macro investor Dan Tapiero believes Ethereum (ETH) is massively undervalued and could skyrocket by 171% from its current value. Tapiero, CEO of 10T Holdings, shared with his 120,000 followers on X that Ethereum’s decentralized finance (DeFi) potential may flourish under a pro-crypto administration led by incoming U.S. President Donald Trump.
Trump’s promise to replace SEC chair Gary Gensler, often viewed as anti-crypto, is bolstering Tapiero’s bullish outlook. He predicts Ethereum could break $4,000 and climb to over $8,000 within a year, citing the coin’s strong network effect and consistent usage as indicators of sustained growth.
Tapiero also highlighted Ethereum’s bullish momentum as it holds the 100-day moving average, describing it as a “core asset” of the digital ecosystem. This sentiment is shared by widely followed analyst Benjamin Cowen, who is now reconsidering his bearish stance on Ethereum, noting ETH’s recent strength and potential to maintain key support levels against Bitcoin (ETH/BTC).
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Analyst Benjamin Cowen Shifts His Stance
Cowen advised investors to watch ETH/BTC, noting that if it can stay above the 50-day simple moving average at around 0.039 BTC, it could confirm a market bottom against Bitcoin. ETH/BTC is currently trading at 0.03864 BTC (around $2,946), up over 7% in the past day, further reinforcing Tapiero’s forecast of a strong year ahead for Ethereum.