Analysis: ETH’s Next Resistance Level May Be Around $3,100

According to Jinse Finance, Sentora (formerly IntoTheBlock) stated that Ethereum (ETH) is once again approaching the $3,000 mark, a level last seen in February this year. As prices rise, on-chain data shows there is little significant resistance before $3,100. However, once this level is reached, some selling pressure may emerge, as 4.1 million ETH addresses will break even after being at a loss for about six months.