**Ethereum Faces Critical Resistance at $3,500! š**
- **Struggling to Break Through**: Since July 16, Ethereum (ETH) has faced tough resistance at the $3,500 level.
- **On-Chain Data Insight**: 3.13 million addresses bought ETH at an average price of $3,547, adding selling pressure.
- **Current Price**: ETH is hovering around $3,448, down 1.8% in the past 24 hours.
- **Market Sentiment**: Despite 84% of holders being profitable, bearish signals persist in the derivatives market.
- **Spot ETFs & Bullish Patterns**: The market is excited about spot ETH ETFs debuting this week. Analysts see potential for ETH to hit $4,300.
What are your thoughts? Comment below! š¬
