Ethereum (ETH) Pumps and Dumps: The Next Potential Targets Revealed

The largest altcoin spiked above $2,400 after the overall green wave swept through the cryptocurrency market following the Democrats’ win in the US midterm elections. Then, it was violently rejected and slumped below $2,300. Nevertheless, analysts are now optimistic that ETH’s price could surge past $3,000 and even higher in the short term. Meanwhile, the renewed institutional interest supports the bullish outlook. X user Ted noted that ETH has finally reclaimed the 50D EMA level after pumping above $2.4K, calling the move “a major sign of strength.” Historically, sustained pumps beyond that zone have often coincided with periods of continued…