Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Data: Ethereum faces critical resistance at $3,500

Data: Ethereum faces critical resistance at $3,500

CointimeCointime2024/07/22 12:28
By:Cointime

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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Will Bitcoin Bulls Break Through the ‘Profit Wall’ Before Weekend?

Bitcoin Nears Crucial Threshold: Long-term Holders Close to Peak Profitability Levels

Coineagle2025/05/05 03:33
Will Bitcoin Bulls Break Through the ‘Profit Wall’ Before Weekend?

Bitcoin Nears Massive $100K Upsurge: Key Indicators Point to Swift BTC Rally Recovery

Bitcoin Tests Critical Resistance Level: On-Chain and Derivatives Support Suggest Possible Surge to $100k

Coineagle2025/05/05 03:33
Bitcoin Nears Massive $100K Upsurge: Key Indicators Point to Swift BTC Rally Recovery