Ethereum News Today: Ethereum Price Rebounds Past $3800 with 24-Hour Loss at 1.59% as Optimism Builds for $4000 Test

Ethereum’s price has rebounded to surpass $3800, marking a significant recovery for the second-largest cryptocurrency following a recent decline to $3507 earlier in the week. According to HTX market data, the 24-hour loss for Ethereum has narrowed to 1.59%, signaling a stabilization in its short-term trajectory. This resurgence has reignited investor optimism, with analysts suggesting the asset could test the psychological $4000 barrier if current momentum persists. The price action reflects a blend of technical resilience and shifting market sentiment, as Ethereum briefly breached $3800 on July 13 and has since maintained stability around that level.

The rebound coincides with broader crypto market enthusiasm, with Ethereum-based tokens such as Shiba Inu (SHIB) and XRP also posting notable gains. Traders are closely monitoring key resistance levels, with a successful breakout above $4000 potentially attracting further bullish momentum. Meanwhile, SharpLink Gaming (SBET), an Ethereum-linked token, surged 9% in after-hours trading, rebounding from a three-day slump as investors capitalized on the broader crypto optimism. SHIB has also regained attention, benefiting from inflows into Ethereum-based assets, with its liquidity and ecosystem positioning drawing renewed interest among traders.

Analysts highlight Ethereum’s role as a barometer for risk appetite in the crypto market. The stabilization above $3800 indicates a shift from bearish to cautiously optimistic sentiment, contrasting with earlier readings on a fear and greed index that had flagged a transition to “fear” in mid-June. This reversal is mirrored in XRP’s performance, which has aligned with Ethereum’s upward trajectory. However, Ethereum’s volatility remains a concern, as demonstrated by its earlier dip to $3507. Caution is advised as investors assess macroeconomic factors and regulatory developments that could influence the asset’s next move.

While Ethereum’s rebound is a focal point, the broader market has seen speculative interest in early-stage projects, including BlockDAG, which raised $353 million in presale funding. Despite this, Ethereum’s entrenched position in decentralized finance (DeFi) and gaming applications continues to solidify its status as a foundational asset. Analysts project a potential test of the $4000 level, but sustained buying pressure and broader market conditions will ultimately determine the outcome.

The rally underscores Ethereum’s enduring appeal as a cornerstone of the crypto ecosystem, even amid a landscape increasingly dominated by high-growth presales. For now, the market appears to be balancing optimism with prudence, as the asset’s ability to hold above $3800 suggests a temporary reprieve from recent selling pressures.

Source: [1] [Why Is Crypto Going Up Today? Bitcoin Hits $120K...](https://www.financemagnates.com/trending/why-is-crypto-going-up-today-bitcoin-hits-120k-ethereum-price-at-2025-high-dogecoin-and-xrp-follow/) [2] [XRP: Game Over for Bears? Shiba Inu (SHIB) Bounces...](https://www.binance.com/en/square/post/27536948046729) [3] [SharpLink Surges 9% on Ethereum Rally...](https://www.ainvest.com/news/ethereum-news-today-sharplink-surges-9-ethereum-rally-bounces-3-day-slump-2507/) [4] [Weekly Trade Recap – Full Transparency on Profits & Losses](https://thedeepdiveresearch.substack.com/p/weekly-trade-recap-full-transparency) [5] [Shiba Inu (SHIB) Returns to Crypto Elite...](https://u.today/shiba-inu-shib-returns-to-crypto-elite-thanks-to-ethereum) [6] [Ethereum Fear and Greed Index | Multiple Timeframes](https://cfgi.io/ethereum-fear-greed-index/) [7] [BlockDAG Secures $353M Presale...](https://www.ainvest.com/news/blockdag-secures-353m-presale-projects-3-025-roi-0-05-listing-2507/)