Ethereum (ETH) Struggles to Breach $3,500 as Resistance Lingers

IconCryptoNewsTerminal Staff22 Jul, 2024

cryptonews.jpg

Ethereum (ETH) Struggles to Breach $3,500 as Resistance Lingers

Ethereum Faces Resistance at $3,500 According to IntoTheBlock, a leading analytics platform, Ethereum (ETH) is encountering significant resistance at the $3,500 level. Data shows that approximately 3.13 million addresses purchased ETH at an average price of $3,547, creating a formidable barrier that the cryptocurrency has been unable to overcome since March 16. This resistance level represents a crucial hurdle for ETH as it seeks to continue its upward trajectory.