Here’s The Resistance Ethereum (ETH) Price Needs to Breach to Hit $3,000

After a 51% rally between May 8 and 13, Ethereum (ETH) price has been holding its ground, consolidating between $2,400 and $2,600. Indicators, both technical and blockchain, reveal that $2,460, or roughly $2,500, is the key resistance level that ETH needs to overcome to push toward the $3,000 psychological level. The recent crypto market crash has caused ETH’s price to tumble below the aforementioned key level. Currently, Ethereum trades at $2,392 and shows weakness.  Other altcoins, however, are showing strength, recovering losses witnessed on late Sunday and early Asian session today. Key Ethereum (ETH) Price Level to Watch IntoTheBlock’s data shows that the major cluster of “out-of-the-money” investors bought ETH in the $2,357-$2,556 price range. Here, roughly 7.4 million addresses scooped up nearly 70 million ETH at an average price of $2,462. These cohorts hold $17.22 billion worth of Ether. Even if 25% of these holders get cold feed and… Read More at Coingape.com

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