Nevertheless, the results of the US Presidential elections scheduled for November 5, could have a more bullish impact on Ethereum, potentially triggering a massive run to new highs. ETH Faces Drop To $1,600 If Key Support Fails While market experts deliver optimistic projections for Ethereum’s price, a prominent crypto analyst, Ali Martinez has taken a more bearish stance, predicting a significant decline for this altcoin if it fails to hold a crucial support level. Related Reading: Cardano Price Prediction: Analyst Forecasts ADA Price Rocket To $5 In an X (formerly Twitter) post on Monday, Martinez disclosed that if Ethereum can stay above the $2,300 support threshold, its price could breakout to new all-time highs of $6,000.
While Ethereum will witness significant growth and possibly maintain its rank as the top altcoin with the largest market capitalization, a Trump win could change the market dynamics, potentially triggering even higher gains and adoption for its competitor, Solana. On a different note, if the current US Vice President, Kamala Harris wins the upcoming elections, Kendrick’s report projects that Ethereum could surge to $7,000, marking a 30% or $3,000 drop from the projected $10,000 target under a Trump administration.
Standard Chartered Predicts Ethereum To $10,000 In a research note by the head of Standard Chartered crypto research, Geoffrey Kendrick, Ethereum could experience a dramatic rise to $10,000 if Donald Trump, the former US President wins the upcoming election. Related Reading: Bitcoin Price Turns Green In October Once Again, Is The Bull Run Here?
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