Analysis: ETH's next resistance level may be around $3100

According to BlockBeats, on July 11th, Sentora (formerly IntoTheBlock) announced that Ethereum (ETH) is once again approaching the $3000 mark, which was last seen in February of this year. As prices rise, on chain data shows almost no significant resistance before $3100. However, once this level is reached, it may trigger some selling pressure, as 4.1 million ETH addresses will achieve breakeven after about six months of losses.