"Ethereum, $3,987 is the key resistance line"···Glassnode data analysis

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Key Support Line Formed at $3,434

"Ethereum, $3,987 is the Key Resistance Level"...Glassnode Data Analysis
Cryptocurrency analyst Ali (X: @ali_charts) cited glassnode data and analyzed Ethereum's (ETH) major price resistance and support levels yesterday.

According to the analysis, Ethereum's main resistance zone is currently formed between $3,877 and $3,987, with $3,987 specifically identified as the next key resistance level.

Meanwhile, on the downside support line, a strong buying trend was observed at the $3,434 level.

This analysis was based on the current supply distribution of ETH and is known to reflect the market participants' position status.

Choi Joo-hoon joohoon@blockstreet.co.kr

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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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