Ethereum (ETH) has experienced a sudden surge, surpassing $2,900 and currently trading at $2,919. This marks a 24-hour gain of 7.85% and suggests a potential surge to $3,000 soon. The market cap has also increased by 5% to 351.44 billion. In recent weeks, Ethereum faced challenges such as negative rumors surrounding Co-founder Vitalik Buterin's sales of Ethereum and its popularity being affected by Solana's takeover as the fastest growing chain. Additionally, outflows of Ethereum Exchange Traded Funds (ETF) posed setbacks. However, a post-US Elections bull run has benefited Ethereum, resulting in a significant increase in inflows. These developments have led to speculation that Ethereum could reach new highs, with projections of it exceeding $3,000 by the end of November and potentially reaching $4,000 by the end of 2024.



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