Ethereum Near $3,840 With Institutional Support Suggesting Potential Move 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.