Trump, ETFs, and Layer 2 Gains

Trump, ETFs, and Layer 2 Gains


The post Trump, ETFs, and Layer 2 Gains appeared on BitcoinEthereumNews.com.

Crypto influencer believes Donald Trump’s victory can push Ethereum to new all-time highs in Q ‘1 2025. The upcoming pro-crypto administration prompted ETH to top $4k earlier this month.  Layer 2 developments and potential ETF coins are also expected to help ETH rally next year. Donald Trump’s victory in the 2024 U.S. Presidential election brought optimism to the crypto community, with stakeholders anticipating a pro-crypto administration in the coming years. Trump, who has actively participated in several crypto initiatives, has publicly expressed his support for the industry on numerous occasions. Crypto Influencer’s Take on ETH in 2025 Eugene Ng Ah Sio, a crypto influencer with a considerable following on X, recently took to the social media platform to outline his Ethereum predictions for next year. According to Eugene, Trump’s crypto-friendly stance and the growth of Ethereum’s Layer 2 networks could push ETH to a new all-time high in early 2025. ” We now enter 2025 with prices materially higher than where they were not too long ago, but with a hope for a new pro-crypto world as the US leads the charge to develop crypto-friendly policy and regulation.” It is interesting to note that following Trump’s victory in early December, several major cryptocurrencies set off on a bull run, with BTC reaching a new all-time high and ETH crossing the $4k mark after over two years.  ETH Gains Expected in Q1 2025 As per Eugene, among the major cryptocurrencies in the market, ETH will be the one to benefit the most in Q1 2025. This bullish prediction hinges on three things: technicals, L2 growth, and the Trump effect.  Looking at price fractals the crypto influencer explained that while BTC bested its previous ATH by 40%, ETH had not managed to top its previous ATH of $4,891. Source:CoinMarketCap This underperformance presents…



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