#ETHReclaims3800 Ethereum has indeed reclaimed the $3,800 level, with its current price hovering around $3,779.41. This surge is supported by several key indicators:

- *Record Open Interest*: Ether's open interest has doubled since June 22, reaching a record high of $58 billion, indicating increased market participation and new money flowing into ETH futures contracts.

- *High Network Activity*: Ethereum's network activity is strong, with active addresses increasing by 7.2% over the last 30 days and average monthly transaction count rising by 16% to 43.3 million.

- *Strong Institutional Demand*: Open Interest in Ethereum CME Futures has hit an all-time high, signaling growing institutional confidence and potential for further price increases.

Analysts predict that Ethereum's price could rally to new all-time highs once it breaks the $4,000 resistance level. Some predictions suggest potential targets between $15,000 to $20,000 in the long term.

*Key Statistics:*

- *Current Price*: $3,779.41

- *Market Capitalization*: $451.81 billion

- *24-hour Change*: -0.17%

- *Open Interest*: $58 billion

- *Active Addresses*: 7.2% increase in the last 30 days

- *Transaction Count*: 43.3 million (16% increase in the last 30 days)

Overall, Ethereum's recent price movement and on-chain metrics suggest a bullish outlook, with potential for further growth ¹ ².