Ethereum is currently trading at around $3,818.31, with a recent percent change of -1.83%. The cryptocurrency has been trying to reclaim its critical resistance level at $3,800 after a significant 60.07% rally in the past month. Some analysts believe Ethereum is gearing up for new highs, but others warn of a potential pullback.

*Key Resistance Levels:*

- *$3,825*: A crucial level where 2.82 million addresses have bought 1.48 million ETH. Breaking above this level could pave the way for a rally to $4,107.

- *$3,835*: A significant resistance level that could determine Ethereum's next move.

- *$4,000*: A psychological barrier with a 33% chance of being surpassed this month, according to Polymarket bettors.

*Support Levels:*

- *$3,490*: A significant support level where 4.18 million addresses bought 3.53 million ETH.

- *$3,300-$3,400*: A potential pullback range predicted by some analysts.

*Institutional Interest:*

- *BlackRock's iShares Ethereum Trust ETF*: Reached $10 billion in assets under management, with a current price of $28.79 and a 4.39% percent change.

- *CME Futures Open Interest*: Hit an all-time high, signaling increased institutional engagement and accumulation