Update
Ethereum (ETH) Surges and Dumps: Analysts' Outlook
Ethereum (ETH) experienced a significant price movement, surging above $2,400 after the US midterm elections but falling below $2,300. Analysts remain optimistic about a potential rise above $3,000. ETH's bullish structure, characterized by higher lows and reclaimed technical levels, suggests strength and potential for further upward momentum. Despite recent positive inflows into spot ETH ETFs, the Relative Strength Index (RSI) indicates ETH may be overbought at around 72, potentially leading to a correction.