#ETHReclaims3800 Ethereum has surpassed the $3,800 level, nudging toward $3,880 intraday. That’s the highest price seen since early March 2024
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The rally was fueled by increasing staking activity, reduced ETH supply on exchanges, and a surge in futures open interest, suggesting renewed institutional and retail demand
Analysts had identified a strong setup: ETH consolidating above $3,400 with bullish patterns formed above $3,420 and resistance zones pinpointed at $3,500, $3,550, and then $3,800
Breaking through these levels aligns with models signaling further upside potential—especially if momentum is sustained
Key supports now lie around $3,650–$3,700. A correction toward $3,600 could offer new entry points if momentum falters
Finance Magnates
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Next Resistance & Targets
Should buying pressure remain strong, ETH may aim for $4,000, a level eyed by analysts and reflected in sentiment across social platforms
crypto.economicblogs.
Market Exposure & On-Chain Dynamics
Continued inflows into spot ETH ETFs and declining supply on exchanges reinforce bullish narratives. However, if whale accumulation pauses or derivatives markets turn bearish, those gains could be tempered
