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#ETH Ethereum price may break through $4000, bullish before Trump's inauguration
As the Inauguration Day of US President-elect Trump on January 20 approaches, which is also the last day of Gary Gensler's tenure as Chairman of the US Securities and Exchange Commission (SEC), investors' optimism towards the crypto market is heating up. The market expects that the easing of regulatory pressure may have a positive impact on Ethereum.
Analysts expect that the price of Ethereum will further pump due to investor interest and a more positive encryption regulatory outlook, even breaking $4000 before Trump officially takes office. Current data shows that the total open interest value of Ethereum is $8.9 billion, significantly higher than Bitcoin's $6.7 billion.