Ethereum’s price has rebounded to $3,834 after falling below $3,700 earlier this week, nearing a critical resistance zone as institutional confidence bolsters the asset.
The cryptocurrency now trades near the $3,800-$4,000 threshold that historically acts as a formidable technical barrier, crucial for enabling further upward movement. Technical indicators signal a potential momentum shift, with the MACD’s bearish crossover weakening while the 45.74 Relative Strength Index reflects neutral conditions ahead of possible gains.
Structured Reserve Holdings Anchor Confidence:
A $10 billion Strategic Reserve collectively backed by 65 institutions underpins Ethereum’s long-term resilience, providing institutional credibility absent in previous market cycles. This substantial financial buffer reinforces conviction in the asset despite recent volatility, positioning ETH for a sustained push toward the $4,000 psychological level.
Market observers speculate that a decisive breach above the $3,800-$4,000 resistance band could act as a springboard for enhanced bullish momentum, particularly as technical uncertainty diminishes.