ETH Spikes 10%, Where Could It Go This Weekend?

The US election has finally come to an end after Donald Trump was elected as the 47th president. As a cryptocurrency advocate, Trump is quite popular in the industry.
As a result, his announcement to become the 47th president of the United States was met with enthusiasm. The cryptocurrency market also responded positively to the change, with Bitcoin surging past $75,000 for the first time and Ethereum surging 10%. Here are the top predictions for the weekend.

What is happening?
The US election has come to a historic conclusion after Donald Trump was elected president. Trump’s inauguration as the next US president was a major turning point for the cryptocurrency market, with Bitcoin soaring to over $75,000 and many other altcoins also seeing gains of over 10% thanks to Trump’s inauguration.
According to the latest post by data analytics platform Santiment, Ethereum has finally broken free from its grip to surge 10% to $2,800. The token’s market capitalization has also increased by 13.37%.

If Ethereum continues on this trajectory, the market could see a significant surge in ETH as it could trade above the $3,000 mark.
Ethereum is currently trading at $2,837. According to CoinCodex predictions  , Ethereum could see a slight 1% drop to $2,810 on November 10. However, the token price could continue to rise again by the end of this month and reach a high of $2,919.
“According to our current Ethereum price prediction, Ethereum is predicted to increase by 5.79% and reach $2,919 by December 7, 2024. According to our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 69 (greed). Ethereum has recorded 17/30 (57%) green days with a price movement of 3.47% over the past 30 days. Based on the Ethereum forecast, now is a good time to buy Ethereum,” according to CoinCodex.