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

"The ETH pump isn't over yet. It's only just getting started," one analyst claimed. 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. ‘The Sleeper of This Cycle’ 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 upward momentum. For their part, Crypto Candy pointed out that the cryptocurrency has been printing higher lows, while recovering from every pullback and maintaining its bullish structure. The analyst is looking at “the bigger picture,” arguing that the bullish structure remains intact and expects an explosion toward new peaks. The X user also said they bought ETH when it was trading around $2,270. Wealthmanager and Merlijn The Trade...