Ethereum Reaches New Heights

In a significant milestone for the cryptocurrency market, Ethereum surpassed the $3,500 mark for the first time since July. This surge comes as Bitcoin remains tantalizingly close to breaking the $100,000 barrier, continuing a trend of impressive gains.

The digital currency market has been buoyed by the recent election victory of Donald Trump in the United States. Investors are optimistic that a Trump administration will be more favorable towards cryptocurrencies compared to the current Joe Biden administration.

At 5:51 am ET, Ethereum saw a 4.44% increase, trading at $3,512.05. Meanwhile, Bitcoin rose 0.34% to $98,378.9 at 5:52 am ET, maintaining its upward trajectory.