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Ethereum Price Prediction: ETH sets new $25 billion record as Trump triggered Bitcoin’s $100K breakout📈✨

Ethereum price rose 9.5% within 24 hours to reach a new year-to-date peak of $3,956 on Thursday December 5

After Trump announced Paul Atkin’s as Gensler’s replacement, over $52 million worth of ETH short positions were rapidly liquidated relative to the $16.8 million longs on December 4.

Technical indicator show ETH is currently testing the upper boundary of this multi-year sell-wall near $3,950

Ethereum price analysis:

Ethereum price rose 9.5% within 24 hours to reach a new year-to-date peak of $3,956 on Thursday December 5.

However, rapid inflows recorded in ETH derivatives markets after Bitcoin’s $100,000 breakout suggest the Ethereum price rally may not be over yet.

ETH bears mount $4K resistance as Bitcoin breaches $100K

After weeks of consolidation within the 98,000 – $95,000 narrow range, Bitcoin price finally crossed the $100,000 mark for the first time ever on December 5, lifting Ethereum and other major altcoins to new yearly peaks.

Buy and hold ETH🔥🚀

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