Ethereum’s Technical Reset: $3,800 Support May Ignite The Next Wave Upward

Ethereum appears to be entering a pivotal phase as the market stabilizes around a key support level near $3,800. After a period of correction, technical indicators, structural signals, and price action now suggest the potential for a renewed bullish ￰0￱ Slips Below Key $4,060 Support Ted, in a recent update shared on X, pointed out that Ethereum has slipped below its crucial $4,060 support level, a move that may hint at a short-term bearish phase for the ￰1￱ breakdown has drawn traders’ attention to lower support regions, as Ethereum’s next moves will likely determine whether the market stabilizes or faces further ￰2￱ Reading: Analyst Says Ethereum Price Might Have Reached ‘Wave 4’ Bottom — Path To $5,000?

According to Ted, the next major support sits around $3,800, a level that has recently served as a strong demand ￰3￱ Ethereum fails to defend this region, it could open the door for a deeper correction toward the $3,400–$3,600 range, where a stronger accumulation phase might ￰4￱ a decline would likely shake out weak hands and allow for a more sustainable base to build upon for the next major move. However, Ted also noted a possible bullish scenario where Ethereum could reclaim the $4,060 and $4,250 levels. A successful recovery above these zones could confirm that the recent drop was merely a correction within a larger bullish structure, potentially paving the way for a powerful rally as the market regains ￰5￱ Structure Confirmed As ETH Holds Key Demand Zone According to Nadezhada on X, Ethereum’s chart is looking increasingly bullish, showing signs of strength after recent market ￰6￱ analyst noted that a Break of Structure (BOS) has been confirmed, signaling that Ethereum may be preparing for its next significant upward ￰7￱ Reading: Ethereum Turns Bullish After Multi-Year Breakout — $7,000 May Be Imminent Nadezhada highlighted a key demand zone between $3,910 and $3,800, which aligns with both a Fair Value Gap (FVG) and an Order Block (OB) on the ￰8￱ area represents a strong region of buyer interest, where liquidity could build up.

Thus, maintaining stability within this zone may set the foundation for the next ￰9￱ Ethereum manages to hold the $3,910–$3,800 support area, Nadezhada believes it could act as a springboard for a sharp move toward $4,550 and ￰10￱ a rebound would mark a strong continuation of the broader uptrend, with buyers firmly back in ￰11￱ crypto analyst concluded by emphasizing that buyers appear to be positioning for the next leg higher, as technical signals continue to align in their ￰12￱ structure, demand, and sentiment converging, Ethereum seems ready to attempt another breakout if market conditions remain ￰13￱ image from iStock, chart from ￰14￱