{"id":5983,"date":"2025-07-24T04:11:06","date_gmt":"2025-07-24T04:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-ready-for-3800-reclaim-despite-rejection-third-times-the-charm\/"},"modified":"2025-07-24T04:11:06","modified_gmt":"2025-07-24T04:11:06","slug":"ethereum-ready-for-3800-reclaim-despite-rejection-third-times-the-charm","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-ready-for-3800-reclaim-despite-rejection-third-times-the-charm\/","title":{"rendered":"Ethereum Ready For $3,800 Reclaim Despite Rejection \u2013 Third Time\u2019s The Charm?"},"content":{"rendered":"

Ethereum (ETH) is attempting to reclaim its most critical resistance after registering a nearly 70% rally in the past month. Some crypto analysts suggest that the King of Altcoins is preparing to aim for new highs, but warned a potential pullback might come first.<\/p>\n

Ethereum Risks 15% Correction<\/h2>\n

Ethereum started the week hitting a yearly high and recording a 178% recovery from the April lows. The cryptocurrency has seen a significant rally over the past few weeks, following its price breakout and consolidation between May and June.<\/p>\n

As the crypto market started to soar again this month, driven by Bitcoin\u2019s climb to new all-time highs (ATHs), ETH reclaimed the crucial $3,000 barrier and has continued to rise to its most critical resistance around the $3,800 area.<\/p>\n

On Monday, Ethereum reached its yearly high of $3,860 before being rejected and retracing to the $3,600 area. Following this performance, analyst Ali Martinez suggested that the $3,835 resistance and the $3,490 support will likely determine Ethereum\u2019s next move.<\/p>\n

Notably, the $3,825 area sits as the largest resistance ahead, where 2.82 million addresses have bought 1.48 million ETH. Reclaiming this level would set the stage for a rally to the cycle high of $4,107.<\/p>\n

\"Ethereum,<\/p>\n

Meanwhile, the $3,490 area, where 4.18 million addresses bought 3.53 million ETH, remains the largest support after the recent breakout. A strong rejection from the key resistance could send the price toward this area if the current levels don\u2019t hold.<\/p>\n

Market Watcher Andrew Crypto considers<\/a> that Ethereum will likely see a correction soon, as \u201ca chart without a correction isn\u2019t a healthy chart.\u201d<\/p>\n

To the analyst, the cryptocurrency could be headed to its yearly opening (YO) area, between $3,300-$3,400, after being rejected from the local supply zone and major resistance. Nonetheless, he forecasted a bounce and retest of the $3,800 mark if the pullback occurs.<\/p>\n

ETH To Repeat Past Cycle\u2019s Playbook?<\/h2>\n

Analyst Crypto Bullet suggested that Ethereum\u2019s performance resembles its price action from last cycle. According to the post, ETH\u2019s chart is starting to form a Descending Broadening Wedge pattern, \u201calmost identical\u201d to its setup from 2019-2020.<\/p>\n

To the analyst, \u201cThe picture looks very bullish right now\u201d as price is testing the pattern\u2019s resistance for the third time. He believes it will break out this time, similar to what happened in 2020, and eyes a cycle top target between $8,000 and $10,000.<\/p>\n

\"Ethereum\"<\/p>\n

Crypto Bullet warned that a 10%-15% pullback to the $3,300-$3,400 area could come first, but added that \u201cIf we do break this formidable Resistance, ETH will rally hard. In this case, a new ATH is guaranteed.\u201d<\/p>\n

Similarly, Merlijn The Trader highlighted<\/a> the similarities between Ethereum\u2019s rally in 2017 and 2025, as the King of Altcoin shows the \u201cSame range. Same fakeout. Same breakout.\u201d<\/p>\n

The trader noted that ETH retested the key resistance twice in 2016-2017 before breaking out and recording a 5,000% rally. To him, the cryptocurrency could have a similar performance this cycle as institutions are \u201cbehind the wheel.\u201d<\/p>\n

As of this writing, ETH is trading at $3,698, a 21% increase in the weekly timeframe.<\/p>\n

\"Ethereum,<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) is attempting to reclaim its most critical resistance after registering a nearly 70% rally in the past month. Some crypto analysts suggest that the King of Altcoins is preparing to aim for new highs, but warned a potential pullback might come first. Ethereum Risks 15% Correction Ethereum started the week hitting a yearly…<\/p>\n","protected":false},"author":1,"featured_media":5984,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[114,2949,608,267,72,138,2950,2951,360,102,1817,105],"class_list":["post-5983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-crypto-analyst","tag-crypto-market-bull-run-2025","tag-crypto-market-recovery","tag-crypto-trader","tag-cryptocurrency-market-news","tag-eth","tag-eth-analysis","tag-eth-breakout","tag-eth-price","tag-ethereum","tag-ethereum-correction","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=5983"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5984"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}