Source: TheMerkle.com
Since July 16th, Ethereum (ETH) has faced significant difficulty breaking through the $3,500 resistance level.
This challenge is partly due to the 3.13 million addresses that acquired ETH at an average price of $3,547.
Many of these addresses are currently holding their ETH at a loss, which contributes to increased selling pressure and complicates ETH’s efforts to surpass this crucial price point.
Ethereum Faces Critical Resistance at $3,500
Since July 16th, Ethereum
Read More https://themerkle.com/ethereum-struggles-at-3500-resistance-as-major-whales-make-moves-ahead-of-etf-launch/
The post "Ethereum Struggles At $3,500 Resistance As Major Whales Make Moves Ahead Of ETF Launch" appeared first here TheMerkle.com.
Source: TheMerkle.com
