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IntoTheBlock: Ethereum Faces Critical Resistance at $3,500
X2024/07/22 12:35
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.
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