TechFlow news, on July 22, blockchain analytics firm IntoTheBlock posted on X platform stating that Ethereum is facing a key resistance level at $3,500. Since July 16, Ethereum (ETH) has struggled to break above the $3,500 resistance level, primarily because 3.13 million addresses purchased ETH at an average price of $3,547. These addresses are currently in a loss position, increasing selling pressure and making it difficult for ETH to突破 this critical level.
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