The crypto market has just witnessed an impressive turnaround, with Ethereum $ETH surging past the psychological $2,300 threshold shortly after the U.S. midterm elections ended.
This recovery is fueling hopes for a booming November, but do the bulls have enough strength to conquer new highs in the face of current resistance?
Key highlights to note:
Swift recovery: ETH has reclaimed a key position, bouncing back from lower price levels to establish a new foothold above $2.3K.
ETF cloud overhead: Despite the price increase, massive selling pressure—with net outflows of up to $656 million from ETF funds over the past seven sessions—is raising serious questions about the sustainability of this rally[cite: 19].
Next target: Analysts are closely watching the $2,350 resistance level. Breaking above it would pave the way toward $2,400, with $2,500 also in sight in November.
👉 Quick poll: What do you think?
Now that ETH has hit $2.3K, what do you think will happen next?
Comment 1: It’ll keep soaring straight to $2.5K, leading the altcoin rally 🚀
Comment 2: It’ll see a sharp correction due to ETF pressure. I’ll wait for $2.1K–$2.2K to buy back in 📉
Leave your thoughts below and let’s see which side the community is leaning toward! 👇
(Disclaimer: This post shares a personal perspective on market analysis and is not financial investment advice. Always manage your own capital and DYOR).
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