Which statement correctly explains how to round 38,458 to the nearest ten thousand?

Because 38,458 is between 38,000 and 39,000 and closer to 38,000, the number should round down to 38,000.

Because 38,458 is between 38,000 and 39,000 and closer to 39,000, the number should round up to 39,000.

Because 38,458 is between 30,000 and 40,000 and closer to 30,000, the number should round down to 30,000.

Because 38,458 is between 30,000 and 40,000 and closer to 40,000, the number should round up to 40,000.