Ethereum

<ul><li>Ethereum rebounds to $3,000, facing critical resistance at $3,200, which could shape its short-term price trajectory.</li><li>Nearly 2M Ethereum addresses at $3,200 are at a loss, risking sell-off pressure as they reach breakeven.</li><li>Ethereum ETF approval could be a significant catalyst, boosting investor confidence and driving demand past $3,200.</li></ul>Ethereum has successfully rebounded to the $3,000 mark, according to a recent analysis by the renowned analytical platform <a href="https://x.com/intotheblock/status/1810999154761470244" rel="noopener noreferrer nofollow">IntoTheBlock</a>. Despite this recovery, Ethereum faces a formidable resistance level of $3,200. This critical juncture could shape the immediate future of Ethereum&#39;s price trajectory.IntoTheBlock’s data reveals that approximately two million addresses acquired Ethereum around the $3,200 price point. These holders are currently at a loss, which positions them to potentially sell off their assets as they reach their breakeven point. This impending sell-off could create substantial selling pressure, preventing Ethereum from sustaining its upward momentum.<a href="https://cryptotale.org/ethereum-reclaims-3000-eyes-on-3200-resistance-and-potential-etf-boost/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ethereum Reclaims $3,000: Eyes on $3,200 Resistance and Potential ETF Boost

CryptoTale

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