Ethereum’s Technical Reset: $3,800 Support May Ignite The Next Wave Upward 📈
Ethereum is currently in a critical stage, stabilizing around the crucial $3,800 support level. Its recent dip below the $4,060 support hints at a short-term bearish phase. Analysts emphasize that maintaining the $3,800 zone is vital for avoiding a deeper correction toward $3,400–$3,600.
Yet, optimistic projections hint at a potential recovery above $4,060, potentially signifying a correction within a broader bullish trend. Analysts highlight the importance of the $3,910 to $3,800 demand zone, which aligns with a Fair Value Gap and an Order Block.
This region could trigger a rally toward $4,550 and potentially beyond, with buyers bolstering the market uptrend, readying for a breakout if conditions are favorable.
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