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This accumulation of holdings could be pivotal in determining whether Ethereum can break through and reach the much-anticipated $3,650 level. In a tweet, crypto analyst Ali highlighted a formidable resistance zone for ETH between $3,170 and $3,270, characterized by a concentration of Ethereum holdings among a large number of addresses. According to on-chain data, approximately 1.63 million addresses collectively hold a significant 4.45 million ETH at these price levels.
On the other hand, if the ETH price turns down from current levels, it could slip toward the $3,000 price point. This remains critical support for the bulls to maintain because, if it fails, the next stop could be $2,850.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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Ethereum (ETH) Price IndexThe Ethereum (ETH) live price today is $3,586, changes over 24H (+4.63%). Current market cap is $429.21 B. All given information about Ethereum (ETH) updated in real-time.
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