Ethereum's price recently reclaimed the $3,800 level, signaling a potential upward movement toward all-time highs as analysts highlight strong market metrics. Ether's open interest has surged to a record $58 billion, more than doubling since June 22, indicating robust participation in ETH futures. With active addresses rising by 7.2% and a transaction increase of 16%, network activity suggests heightened demand for Ethereum. Analysts point to the crucial $4,000 resistance level, which has historically rejected price increases. Many traders believe that breaking this threshold could lead to a significant rally. As liquidity remains strong, fueled by a record stablecoin supply of $132.5 billion, the overall sentiment portrays Ethereum as being set for a major upswing in the upcoming market phase. However, some suggest that healthier consolidation below $4,000 may pave the way for a larger price increase.

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