21-07-2025
Cryptocurrency Live News & Updates : Ethereum Tests Resistance at $3,877 to $3,987
21 Jul 2025 | 11:55:12 PM IST
Ethereum (ETH) is encountering a crucial resistance zone between $3,877 and $3,987, with strong support at $3,434, according to on-chain data from Glassnode. Ethereum is currently navigating a significant resistance range between $3,877 and $3,987, as highlighted by on-chain analysis from Glassnode. This resistance zone could trigger selling pressure due to the concentration of ETH holders in this price range. Meanwhile, a solid support level at $3,434 may encourage buyers to step in if prices decline. In related news, a whale investor is contemplating selling 50 WBTC, potentially realizing an impressive profit of $2.404 million after a 15-month hold. Additionally, StablecoinX has emerged as a new player in the market, planning to acquire Ethena and implement a treasury strategy with a substantial $360 million capital raise. This move aims to provide public market investors with access to the Ethena ecosystem. On the NFT front, Fat Penguin NFTs have seen a surge in sales, with a notable 15.6% rise in floor price, driven by whale purchases. Lastly, Michael Saylor warns that Bitcoin availability may become extremely limited in the next decade, urging investors to act swiftly. Show more
