Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has officially reclaimed the critical $3800 level, igniting renewed bullish sentiment across the market.
After weeks of sideways consolidation and uncertainty, ETH has surged past the resistance zone — a move that many traders see as a potential prelude to a run toward $4000 and beyond.
---
🔍 Key Highlights:
• Strong Breakout: $ETH cleanly broke through the $3800 resistance with increasing volume, confirming bullish momentum.
• Market Sentiment: Investor confidence is returning as $ETH outperforms many altcoins, possibly signaling an early phase of an altseason.
• Technical Setup: Reclaiming this level shifts the structure bullish again on the daily chart, with next resistance near $4000–$4200.
• Ethereum Ecosystem: Ongoing developments in L2 scaling, DeFi, and Ethereum ETFs continue to provide strong fundamental backing.
---
📊 What’s Next?
If $ETH can hold above $3800, the market may look toward a test of psychological resistance at $4000 — a level not seen in a long time. A successful breakout there could pave the way toward 2021 highs.
Short-term traders are eyeing confirmations through RSI strength and volume. Long-term holders (HODLers) continue to accumulate on dips.
---
💬 Community Thoughts:
Is this the start of Ethereum’s next major leg up? Or just a bull trap before a deeper correction?
Let us know your targets and strategy below 👇
