Cryptocurrencies Price Prediction: Ethereum, Solana & Bitcoin – American Wrap 05 November


Ethereum Price Forecast: ETH could rise 10% upon a Trump win, investors de-risk ahead of election results

Ethereum (ETH) is trading near $2,450 on Tuesday, but it could stage a 10% rise to test the $2,707 key resistance level if Donald Trump wins the US presidential election. However, on-chain data reveals uncertainty and short-term bearish pressure as ETH investors appear to be de-risking ahead of the election results.
Ethereum Exchange Reserve
Solana (SOL) rebounds on Tuesday after six consecutive sessions of losses as price action tests a critical breakout level at the $160-$165 region from a technical point of view. The increased levels of leverage among traders and momentum indicators suggest that bearish momentum is fading, increasing the likelihood of a further recovery in the short term.
SOL Exchange Liquidation Map
Bitcoin (BTC) slightly recovered to around $68,800 on Tuesday, following a shift in the United States presidential race that saw former President Donald Trump regain the lead, after US spot Bitcoin ETFs experienced an outflow of over $540 million on Monday. Grayscale’s report highlights that cross-asset returns in October reflect trends typically seen in a “Trump trade”. This includes growing positions in the dollar, crypto, and expectations of higher Treasury yields, which gained momentum as Trump’s lead in prediction markets strengthened ahead of the election.
Total Bitcoin Spot ETF Net Inflow chart. Source: Coinglass
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC breaks all-time high of $73,777 as Trump takes the lead

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC breaks all-time high of $73,777 as Trump takes the lead

Bitcoin breaks above its all-time high of $73,777 on Wednesday, buoyed by Donald Trump's poll lead. At the same time, Ethereum is nearing its key resistance level, with a strong close above it.

More Cryptocurrencies News
Bitcoin and crypto market jump following Trump's lead in early election results

Bitcoin and crypto market jump following Trump's lead in early election results

Bitcoin has risen over 5% as early estimates of election results suggest Trump is leading Harris. Polymarket odds of a Trump victory have skyrocketed over 70%. Anti-crypto Senator Warren defeats John Deaton to win the Massachusetts senate seat.

More Bitcoin News
XRP could move toward $0.5608 resistance, on-chain data indicates declining investor interest

XRP could move toward $0.5608 resistance, on-chain data indicates declining investor interest

Ripple's XRP is trading near $0.5140 on Tuesday following declines in several of its on-chain data, which indicates declining investor interest. The remittance-based token could rally toward $0.5608.

More Ripple News
Dogecoin Price Prediction: DOGE could hit a new yearly high after 50% rally in twenty days

Dogecoin Price Prediction: DOGE could hit a new yearly high after 50% rally in twenty days

Dogecoin (DOGE) is up 8% on Tuesday following rising expectations of a Donald Trump victory in the ongoing U.S. presidential elections. If the bullish momentum continues, the meme coin leader could rise to a new yearly high.

More Dogecoin News
Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP