PrettyLocca
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#ETHReclaims3800 #ETHReclaims3800
Ethereum has successfully reclaimed the $3,800 level, signaling strong bullish momentum. This recovery is significant for a few key reasons:
Technical Breakout: After a period of consolidation, ETH broke through key resistance near $3,800, which previously acted as a psychological and technical barrier. This breakout could now turn $3,800 into a strong support level.
Market Sentiment Shift: The reclaim suggests renewed investor confidence in Ethereum, especially amid improving macroeconomic indicators and growing institutional interest in crypto.
Fundamentals Backing It: Ethereum ecosystem continues to grow with increasing on-chain activity, DeFi volume, and L2 adoption. The upcoming upgrades and ETH staking dynamics further support long-term bullishness.
Volume Confirmation: The move above $3,800 was backed by rising trading volume on platforms like Binance, indicating genuine buying pressure rather than a fake-out.
📊 If ETH holds above $3,800 in the short term, the next targets I’m watching are $4,000 and $4,300. I’ll be monitoring RSI and volume to confirm strength or possible retracement.
✅ Not financial advice – just sharing my market perspective based on what I see on the charts and recent fundamentals.
What’s your take? #ETHReclaims3800 #Crypto #Binance
Ethereum has successfully reclaimed the $3,800 level, signaling strong bullish momentum. This recovery is significant for a few key reasons:
Technical Breakout: After a period of consolidation, ETH broke through key resistance near $3,800, which previously acted as a psychological and technical barrier. This breakout could now turn $3,800 into a strong support level.
Market Sentiment Shift: The reclaim suggests renewed investor confidence in Ethereum, especially amid improving macroeconomic indicators and growing institutional interest in crypto.
Fundamentals Backing It: Ethereum ecosystem continues to grow with increasing on-chain activity, DeFi volume, and L2 adoption. The upcoming upgrades and ETH staking dynamics further support long-term bullishness.
Volume Confirmation: The move above $3,800 was backed by rising trading volume on platforms like Binance, indicating genuine buying pressure rather than a fake-out.
📊 If ETH holds above $3,800 in the short term, the next targets I’m watching are $4,000 and $4,300. I’ll be monitoring RSI and volume to confirm strength or possible retracement.
✅ Not financial advice – just sharing my market perspective based on what I see on the charts and recent fundamentals.
What’s your take? #ETHReclaims3800 #Crypto #Binance
#Write2Earn https://www.binance.com/activity/word-of-the-day/G1155546577895555073?ref=CPA_00TSRKMY25
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