Analysis: ETH's next resistance level may be around $3,100

BlockBeats News, July 11th, Sentora (formerly IntoTheBlock) published an article stating that Ethereum (ETH) is once again approaching the $3,000 mark, a price level last seen in February this year.

With the price on the rise, on-chain data shows that there is hardly any significant resistance before $3,100. However, once this level is reached, it may trigger some selling pressure as 4.1 million ETH addresses will break even after being in a loss for about six months.