Ethereum (ETH) registered a remarkable performance following Donald Trump\u2019s victory in the November 5 US elections. The second-largest cryptocurrency by market capitalization has jumped 21.9% in the past three days, reigniting investors\u2019 bullish sentiment for the crypto and ETH-based investment products.<\/p>\n
Amid ETH\u2019s price rally, spot Ethereum exchange-traded funds (ETFs) have recorded<\/a> their best-performing day in 13 weeks. Launched in late July, ETH ETFs have seen a shaky performance in the past few months.<\/p>\n The crypto investment products surpassed experts\u2019 expectations during its first two days. However, ETH ETFs recorded massive outflows amid Q3 market retraces.<\/p>\n Ethereum-based products saw their second-largest single-day inflow since launch during the early August correction. As the market recovered from the crash, Ethereum ETFs registered $98.4 million in positive net flows, led by Blackrock\u2019s ETHA.<\/p>\n Since then, the crypto products have struggled<\/a> to break past the $20 million mark, only registering inflows above that range five times in three months.<\/p>\n ETH\u2019s current rally has seemingly improved sentiment around the cryptocurrency and the investment products based on it, as it has recorded a notable performance during the last two days.<\/p>\n Ethereum ETFs recorded their best-performing day in six weeks, seeing $52.3 million in inflows on Wednesday. Meanwhile, the investment products saw their third-largest single-day performance on Thursday and their best day since August 6, with $79.7 million in inflows.<\/p>\n Ethereum has seen a massive 16.6% surge in the last seven days, jumping from the $2,500 support zone to the $2,900 mark lost mid-Q3. The \u201cKing of Altcoins\u201d lost the $3,000 support zone in early August, recording a 23% correction during the market retraces.<\/p>\n The cryptocurrency struggled to break past the crucial $2,800 resistance level, being rejected<\/a> from this level for the past three months. However, Republican candidate Donald Trump\u2019s victory in the Thursday presidential elections has given the whole crypto market a renewed push toward the second leg of the bull run.<\/p>\n In the last three days, the flagship cryptocurrency, Bitcoin (BTC), has entered price discovery mode, setting its latest all-time high<\/a> (ATH) at $76,800 on Thursday. Meanwhile, Ethereum saw its price move from the $2,400 range to near the long-awaited $3,000 resistance.<\/p>\nETH Rallies 16%, Is $3,500 Next?<\/h2>\n