On November 6, Donald Trump’s announcement as the President of the United States caused significant fluctuations in the crypto market. This event led to a surge in crypto trading volume and prompted Ethereum 
$3,486 whales to re-enter the market.
Increased Activity in the Crypto Market Over the Last 24 Hours
The crypto market gained serious momentum in the last 24 hours. Global market capitalization increased by 9%, reaching $2.43 trillion, while trading volume rose to $180 billion. Bitcoin 
$97,918 reached a new peak at $76,460.15, accelerating the upward trend in the market.
The Return of Ethereum Whales
With Ethereum’s price rising by 11%, a whale that drew the crypto community’s attention returned to the market. This whale, active again after eight years, sold 11,005 ETH at $2,777, earning $30.56 million. Meanwhile, another whale transferred a substantial amount of funds to the Kraken exchange with a $65.63 million ETH sale, raising caution among some traders.
Future of Ethereum and Market Expectations
Despite the sales, ETH continues to maintain its upward trajectory. Currently trading at $2,800, ETH’s market cap reached $336 billion, with a trading volume around $38 billion. Crypto analyst Ali believes ETH could reach new highs, suggesting it presents an attractive risk-reward profile for long-term investment.
The recent entry of Ethereum ETFs supports positive expectations for ETH. Analysts indicate that ETH may achieve higher values in the future. Investors looking to understand ETH’s future performance should closely monitor market dynamics and the movements of large whales. The volatile nature of Ethereum presents both opportunities and risks, making preparedness essential for traders.
