#ETHReclaims3800 — Ethereum has surged back above the $3,800 level, marking a major technical breakout and sparking bullish momentum across the crypto market. Supported by a 175% rally since April, this surge wiped out $28M–$150M in short positions within 24 hours and completed a classic “golden cross” pattern, where the 50-day MA crosses above the 200-day MA . Institutional inflows through spot ETH ETFs and large whale accumulation have further strengthened the rally outlook . While analysts eye $4,000–$4,200 as the next targets, they also warn of potential pullbacks toward $3,600–$3,490 if support fails . Overall, reclaiming $3,800 sets the stage for possible upside—if momentum holds.