View: ETH's next resistance level may be around $3,100

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According to ChainCatcher, Sentora (formerly IntoTheBlock) stated that Ethereum (ETH) is once again approaching the $3,000 mark, a price level last seen in February this year. As the price rises, on-chain data shows almost no significant resistance before $3,100.

However, once this level is reached, it may trigger some selling pressure, as 4.1 million ETH addresses will break even after approximately six months of being at a loss.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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