Data: Ethereum faces critical resistance at $3,500
IntoTheBlock monitoring shows that Ethereum is facing a key resistance level at $3,500. Since July 16, Ethereum (ETH) has been struggling to break through the $3,500 resistance level. One of the main factors contributing to this challenge is that 3.13 million addresses purchased ETH at an average price of $3,547. These addresses are holding losses, increasing selling pressure and making it difficult for ETH to break through this key level.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
North America starts daylight saving time today
From Barista to Millionaire with Dogecoin—Now Betting on This Token for Another Major Breakout
Poll: Harris slightly ahead of Trump in North Carolina, Nevada and Wisconsin
This week, the U.S. Bitcoin spot ETF had a cumulative net inflow of US$2.2202 billion