Ethereum Holds Above $3,800 After Monthly Breakout, Here’s Why ETH Still Looks Technically Healthy

Ethereum trades above $3,800 after a confirmed breakout, maintaining a strong technical structure.

RSI breakout and higher lows since 2022 indicate continued upward momentum in Ethereum’s trend.

Derivatives data show rising open interest, reflecting steady trader participation despite lower volume.

Ethereum continues to maintain a strong technical outlook as it trades near $3,836.03, reflecting a 1.9% daily gain. The asset’s market capitalization stands at $463.02 billion, according to data from CoinMarketCap. Breakouts are often followed by a retest of the structure, and from a purely technical standpoint, ETH still looks healthy.

Ethereum Maintains Technical Strength After Breakout

According to an observation by Titan of Crypto, Ethereum’s monthly chart forms a symmetrical triangle pattern between 2019 and 2025. The structure developed through a tightening price range with lower highs and higher lows. Ethereum broke above the upper trendline in mid-2025, confirming a breakout after a multi-year consolidation phase

A retest occurred soon after as candles revisited the breakout zone around $3,000. Current monthly data show Ethereum trading above the triangle’s upper boundary, maintaining its upward structure. Price stability above the breakout zone indicates continuation within a bullish technical framework

Since 2022, Ethereum has maintained a series of higher lows, forming a consistent ascending structure. The Relative Strength Index (RSI) has also made an upward break of a multi-year downward trendline, which attests to technical congruence with the current upward movement. Historical data show that similar RSI breaks have coincided with expansion phases in previous cycles.

Market Activity and Derivatives Data Reflect Ongoing Engagement

Ethereum’s 24-hour trading volume reached $49.47 billion, while total and circulating supply remained at 120.7 million ETH. The fully diluted valuation equals $463 billion, confirming full token circulation. CoinMarketCap data showed that Ethereum started the session at around $3,784.7, but soon fell to around $3,700, after which it did not stop falling and began to rise steadily higher than $3,800.

Source: CoinMarketCap

According to Coinglass derivatives market data, the total ETH volume in derivatives is $79.57 billion, which is a decrease of 64.13%. Open interest rose by 4.28% to $44.54 billion, indicating ongoing trader activity. The volume of options was at $1.39 billion, and its open interest was at slightly $13.68 billion

The long-to-short ratio remained near balance at 0.9673, with Binance and OKX showing higher long exposure. Liquidation totals reached $146.85 million within 24 hours, with long positions accounting for $94.21 million. Ethereum continues to maintain technical consistency and active participation across both spot and derivatives markets.

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