IntoTheBlock: Ethereum Faces Critical Resistance at $3,500

X2024/07/22 12:35

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Ethereum Faces Critical Resistance at $3,500

Since July 16th, Ethereum (ETH) has been struggling to surpass the $3,500 resistance level. A major factor contributing to this challenge is the 3.13 million addresses that purchased ETH at an average price of $3,547.

These addresses are holding at a loss, adding to the 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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

IntoTheBlock: Ethereum Faces Critical Resistance at $3,500

You may also like

Crypto prices