Ethereum Near $3,840 With Institutional Support Suggesting Potential Move Toward $4,000
Main Idea
Ethereum is trading near $3,840 with strong institutional support and a $10 billion Strategic Reserve, indicating potential for a bullish breakout toward $4,000.
Key Points
1. Ethereum price rebounds to $3,834 after dipping below $3,700 earlier this week.
2. RSI at 45.74 signals neutral momentum, with no immediate overbought or oversold conditions.
3. Strategic Reserve backed by 65 institutions now holds over $10 billion, reinforcing long-term confidence.
4. The price zone between $3,800 and $4,000 acts as a critical resistance level.
5. MACD’s recent bearish crossover is diminishing, hinting at a possible momentum shift.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Ethereum is trading
Latest News
- Bitcoin Price Dips Amid Tariff News Triggering Massive Long Liquidations and Crypto Stock Sell-Offs2025-08-01 17:52:02
- XRP’s $2.80–$2.95 Support Zone May Influence Potential Short-Term Rebound Signals2025-08-01 17:48:24
- Strategy Considers Increasing Bitcoin Holdings to Potentially 7% of Total Supply, Says Michael Saylor2025-08-01 17:48:04
- Veteran Adviser Ric Edelman Suggests Bitcoin May Play a Growing Role in Diversified Portfolios2025-08-01 17:30:01
- Trump Orders Nuclear Submarine Deployment Amid Provocative Remarks by Medvedev2025-08-01 17:27:41