Ethereum Price Forecast: ETH could rise 10% upon a Trump win, investors de-risk ahead of election results Ethereum (ETH) is trading near $2,450 on Tuesday, but it could stage a 10% rise to test the $2,707 key resistance level if Donald Trump wins the US presidential election.
Ethereum Price Forecast: ETH could rise 10% upon a Trump win, investors de-risk ahead of election results Ethereum is tradingnear $2,450 on Tuesday, but it could stage a 10% rise to test the $2,707 key resistance level if Donald Trump wins the US presidential election. However, on-chain data reveals uncertainty and short-term bearish pressure as ETH investors appear to be de-risking ahead of the election results.
The increased levels of leverage among traders and momentumindicatorssuggest that bearish momentum is fading, increasing the likelihood of a further recovery in the short term.
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