IntoTheBlock: Significant Selling Pressure for ETH Concentrated at $1860, Breaking Resistance Could Return to $2000
According to data disclosed by IntoTheBlock, Ethereum's market cap has significantly increased by 12% in the past 24 hours, showing impressive performance. On-chain data indicates that the current upward resistance is relatively limited, with the only significant selling pressure concentrated around $1,860. If this resistance level is successfully breached, the possibility of returning to the $2,000 psychological threshold will significantly increase.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Arthur Hayes: Bitcoin's Decline Is Less Than the Drop in Dollar Liquidity, Bottom Is Near
Data: 148.2 WBTC were transferred from an anonymous address and, after being routed, flowed into Wintermute.
Grayscale DOGE and XRP spot ETFs to be listed on NYSE Arca on Monday
Trending news
MoreCrypto prices
More
