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.
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