Analysis: ETH’s Next Resistance Level May Be Around $3,100
According to Jinse Finance, Sentora (formerly IntoTheBlock) stated that Ethereum (ETH) is once again approaching the $3,000 mark, a level last seen in February this year. As prices rise, on-chain data shows there is little significant resistance before $3,100. However, once this level is reached, some selling pressure may emerge, as 4.1 million ETH addresses will break even after being at a loss for about six months.
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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