🔥 Ethereum on the verge of exploding? The price is back above $3,800
The crypto market holds its breath: $ETH has just crossed the symbolic threshold of $3,800, and several signals indicate that breaking $4,000 could trigger a new bullish wave. Here’s what recent data shows:
🔎 Market analysis:
• 📈 Historical open interest:
Futures contracts $ETH reach $58 billion in open interest — an all-time high, doubled since the end of June. This reflects a massive influx of institutional and speculative capital.
• 🧠 Network activity on the rise:
+7.2% of active addresses over 30 days
+16% average monthly transaction volume
Weekly volumes on DEXs at a four-month high ($22.6B)
DeFi app revenues: +25% in one month ($89.8M)
• 💵 Stablecoins at a peak:
The total supply of stablecoins ($USDT, $USDC, $DAI...) reaches $132.5B. This is a liquidity reserve ready to enter the market, often a precursor to bullish movement.
• 📊 Key technical levels:
According to several analysts:
Major resistance remains the $4,000–$4,100 zone
A clean breakout could unlock momentum towards the ATH (~$4,900)
A consolidation below this threshold strengthens the bullish structure in the medium term
💬 “$ETH has emerged from a long bearish trend. The market is waiting for the trigger. A bullish explosion becomes very likely if buying pressure persists.” – Bitcoinsensus
📌 Conclusion:
All indicators are aligned for a potential acceleration of ETH. The coming days will be decisive: either ETH breaks the resistance and triggers a new market phase, or it remains in range for a few more weeks.
🧠 Keep an eye on the behavior around $4,000 and the ETH/BTC ratio to confirm momentum.
