According to Sentora (formerly IntoTheBlock) on X, Ethereum is approaching $3,000, but faces gradual resistance up to a major supply wall near $3,140, where 3.7 million addresses previously accumulated. These holders, underwater since February, could create selling pressure near breakeven levels.
Ethereum eyes $3K as key supply wall nears
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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