Ethereum Near $3,840 With Institutional Support Suggesting Potential Move Toward $4,000

• Ethereum price rebounds to $3,834 after dipping below $3,700 earlier this week.

• RSI at 45.74 signals neutral momentum, with no immediate overbought or oversold conditions.

• Strategic Reserve backed by 65 institutions now holds over $10 billion, reinforcing long-term confidence.

Ethereum nears $3,840 with strong institutional support and a $10B Strategic Reserve, signaling bullish momentum. Stay updated on ETH price trends and market insights.

Ethereum Price Approaches Key Resistance with Bullish Institutional Backing

Ethereum (ETH) is currently trading near a critical resistance level at approximately $3,834 as of July 31, 2025. After a swift recovery from a low of $3,675, the asset has gained 1.45% in the past 24 hours, demonstrating sustained interest from market participants. The price zone between $3,800 and $4,000 acts as both a psychological and technical barrier, where profit-taking and sell orders have created short-term caution among traders.

Short-Term Market Indicators Show Mixed Momentum but Long-Term Strength

Technical analysis reveals that Ethereum’s momentum is currently neutral. The Relative Strength Index (RSI) stands at 45.74, indicating neither overbought nor oversold conditions. The Moving Average Convergence Divergence (MACD) recently experienced a bearish crossover but is showing signs of weakening, which may suggest an upcoming shift in momentum. Trading volumes remain steady without signs of an imminent breakout, meaning the price could either push above $3,840 to target $4,000 or retreat to support levels near $3,700 or $3,500.

                                         Source: X

What Are the Short-Term Technical Indicators Saying About Ethereum?

Ethereum’s short-term technical indicators show a neutral momentum with potential for change. The RSI at 45.74 suggests no immediate pressure from buyers or sellers. The MACD’s recent bearish crossover is diminishing, hinting at a possible momentum shift. Trading volumes remain stable, indicating no breakout yet, but a move above $3,840 could trigger further gains.

How Does Institutional Support Impact Ethereum’s Price Stability?

Ethereum’s Strategic Reserve has grown beyond $10 billion, supported by 65 institutional entities. This significant backing reduces circulating supply and enhances price stability during volatile periods. Institutional involvement reflects growing confidence in Ethereum’s long-term value, providing a solid foundation for sustained bullish trends despite short-term resistance.

Frequently Asked Questions

What factors are influencing Ethereum’s price near $3,840?

Ethereum’s price is influenced by technical resistance near $3,840, neutral momentum indicators like RSI, and strong institutional support through its Strategic Reserve exceeding $10 billion.

Why is Ethereum’s Strategic Reserve important for investors?

The Strategic Reserve backed by numerous institutions reduces available supply and enhances market confidence, helping to stabilize Ethereum’s price during volatile periods.

Key Takeaways

• Ethereum trades near $3,840: showing resilience after a recent dip below $3,700.
• Neutral technical momentum: RSI and MACD indicate mixed short-term signals.
• Strong institutional backing: Strategic Reserve over $10B supports price stability and confidence.

Conclusion

Ethereum’s price action near $3,840 reflects a balance between short-term technical uncertainty and robust long-term institutional support. The Strategic Reserve’s growth and steady market indicators suggest potential for a breakout toward $4,000. Investors should watch key resistance levels and momentum shifts closely as Ethereum approaches this critical price zone.

                                            Source: TradingView