Ethereum Reaches $3,400 Following US Elections
Ethereum has reached $3,400, marking significant growth following the US elections. The surge comes amid increased market optimism and notable whale activity.
Key points:
- ETH transaction volume peaked at $10.4B
- Whale transactions show major spike in key stakeholder activity
- Asset maintains #2 market cap position for 8 years
- Network activity indicators remain healthy
Market analysts suggest Bitcoin's bull run profits may flow into Ethereum, potentially pushing it toward new highs. Current price represents a 14-week high.