#ETHReclaims3800 The hashtag #ETHReclaims3800 likely refers to Ethereum (ETH) surpassing the $3,800 price level — a notable milestone in the cryptocurrency market. Here's what it might imply:$ETH
🚀 Quick Breakdown:
ETH: Ethereum, the second-largest cryptocurrency by market cap.
Reclaims $3,800: It previously reached or exceeded this price, dropped below, and has now risen back above it — signaling bullish momentum.
📊 Ethereum Ready For $3,800 Reclaim Despite Rejection – Third Time’s The Charm?
Ethereum Risks 15% Correction $ETH
Ethereum started the week hitting a yearly high and recording a 178% recovery from the April lows. The cryptocurrency has seen a significant rally over the past few weeks, following its price breakout and consolidation between May and June.
As the crypto market started to soar again this month, driven by Bitcoin’s climb to new all-time highs (ATHs), ETH reclaimed the crucial $3,000 barrier and has continued to rise to its most critical resistance around the $3,800 area.
On Monday, Ethereum reached its yearly high of $3,860 before being rejected and retracing to the $3,600 area. Following this performance, analyst Ali Martinez suggested that the $3,835 resistance and the $3,490 support will likely determine Ethereum’s next move.
Notably, the $3,825 area sits as the largest resistance ahead, where 2.82 million addresses have bought 1.48 million ETH. Reclaiming this level would set the stage for a rally to the cycle high of $4,107.
