Ethereum rebounds after U.S. elections: Can ETF inflows fuel a push to $2,500?

Traders Union
All News
Crypto
Ethereum targets the 50-day SMA

All news

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Business & Wealth

Market Voices

Mykhailo Ihnatenko

05.11.2026

Ethereum rebounds after U.S. elections: Can ETF inflows fuel a push to $2,500? — Short liquidations boost ETH momentum

Ethereum continues to recover as sentiment improves across global financial markets. Renewed institutional demand and a wave of short liquidations are supporting the move higher, although the next leg will depend on whether the current momentum can hold.

ETH price prediction

24H 0.7%

$2,251.99

48H 0.59%

$2,249.45

7D -1.16%

$2,210.4

1M -19.19%

$1,807.09

3M -39.99%

$1,342.06

6M -52.36%

$1,065.44

12M -39.53%

$1,352.21

Detailed

Current price: $2,236.23 -10.28 0.46%

Real-time Data 10:58

Daily range 2229.56

2242.49

Weekly range 2206.28

2450.00

Financial markets rebounded sharply on November 4 following the Democratic victory in the U.S. midterm elections. U.S. stocks, cryptocurrencies, gold and silver all posted notable gains. Sentiment also benefited from expectations of de-escalation in the conflict with Iran and a lower likelihood of another large-scale U.S. military strike.

The crypto recovery was accompanied by heavy short liquidations. According to the provided 24-hour CoinGlass snapshot, total liquidations reached $740.61 million, with $493.76 million coming from short positions.

Another positive signal came from renewed inflows into spot Ethereum ETFs. According to SoSoValue, the funds recorded $53.02 million in net inflows, marking the first positive day after a string of outflows that began on October 26.

A move above 50 SMA could shift Ethereum's short-term trend

The scenario outlined previously played out in full. ETH established itself above $2,300 and reached the $2,350–2,400 target zone.

That range now becomes the key support area. If buyers can keep the price above it, the next target is the 50-day SMA near $2,500. A break above the moving average would signal a shift in the short-term bearish structure and could allow the recovery to extend toward $2,600–2,650.

A drop below $2,350 followed by a sustained move under that level would invalidate the setup. In that case, ETH could retest $2,300, with further selling potentially accelerating the decline toward $2,200.

Further short liquidations remain possible as Iran risks persist

Despite the latest liquidation wave, there may still be room for additional forced closures of short positions. If ETH continues to recover, further short liquidations could add momentum to the upside.

Geopolitical risk, however, has not disappeared. Developments in the U.S.-Iran conflict remain a major source of uncertainty for global markets.

If large-scale military action resumes, investors could once again reduce exposure to risk assets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.