Ethereum has surged above the $3,800 threshold after a confirmed breakout, signaling strong technical health. Analysts attribute this rise to expanding DeFi applications and increasing institutional investment. The asset’s market capitalization currently stands at $463 billion, according to data from CoinMarketCap. 24-hour trading volume reached $49.47 billion, with total and circulating supply remaining stable at 120.7 million ETH. A symmetrical triangle pattern visible on Ethereum’s monthly chart between 2019 and 2025 suggests a consolidation phase before the recent breakout. Continued upward momentum is evident in the rising RSI and higher lows since 2022, indicating a bullish trend.