#ETHReclaims3800
🚨 #ETHReclaims3800 — Bullish Breakout in Motion
$ETH Price: ~$3,800, reclaiming resistance zone and triggering over $100M in short liquidations, sparking renewed bullish momentum.
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📰 News & Sentiment
Institutional interest heats up as spot ETH ETFs recorded $4–8B in inflows in recent days. Whale addresses holding 10K+ ETH surged, indicating strong conviction behind the scenes.
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⚙️ Fundamentals
Ethereum continues reducing circulating supply via burns and staking collectibles. Validator exit queues have spiked, but supply pressure remains contained thanks to widespread staking. ETF demand and long-term ecosystem tailwinds underpin fundamentals.
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📈 Technicals
ETH has broken above key resistance at $3,825–$3,860, forming a golden cross. Analysts now eye targets at $4,000–$4,200. A failure to confirm above $3,860 could trigger a pullback toward $3,600–$3,500.
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🧠 Smart Money / Whale Activity
Glassnode data reveals rising mega whales and large stake shifts. On-chain accumulation by institutional wallets is gradually increasing.
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🔖 Support / Resistance
Support: $3,825–$3,860
Resistance: $4,000–$4,200
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🎯 Sentiment: Slightly Bullish → Breakout Pending
If ETH sustains above $3,860 with volume support, it may accelerate toward $4,000+. Failure to hold could prompt a reset toward $3,600. Momentum is positive—but watch volume and institutional behavior closely.
