Viewpoint: The next resistance level for ETH may be around $3100

ChainCatcher message, Sentora (formerly IntoTheBlock) stated that Ethereum (ETH) is approaching the $3,000 mark again, a price level that was last seen in February of this year. As the price rises, on-chain data shows that there is almost no 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 the red for about six months.