Ethereum faces a brick wall resistance at this price
Ethereum (ETH), a leading player in the cryptocurrency market, is currently facing a formidable resistance level at $3,200. This specific ETH price point has emerged as a significant barrier due in part to the substantial holdings of approximately 2.43 million addresses, which collectively possess 5.14 million ETH as detailed by crypto analyst Ali Martinez using IntoTheBlock data on X (formerly Twitter). #Ethereum faces a brick wall resistance at $3,200, where 2.43 million addresses hold 5.14 million $ETH. pic.twitter.com/44MEA0Xge3 — Ali (@ali_charts) April 29, 2024 As of the latest market data on April 29, Ethereum is priced at $3,172.98, marking a decrease of 4.5% within the past day and a modest retreat of 0.9% over the last week. Picks for you Recharging required: Can EV stocks bounce back from recent lows? 58 mins ago 3 cryptocurrencies under $0.10 to buy in May 59 mins ago Dolomite to launch its Lending Protocol with X Layer 2 hours ago ...