According to Odaily Planet Daily, IntoTheBlock said that Ethereum is facing key resistance at $3,500. Ethereum (ETH) has been struggling to break through this resistance level since July 16.
One of the main factors contributing to this challenge is that 3.13 million addresses purchased ETH at an average price of $3,547. These addresses are holding at a loss, increasing selling pressure and making it difficult for ETH to break through this key level.
