<ul><li>4.54 million wallet addresses hold 5.58 million ETH bought between $1,805 and $1,857, creating a key sell-pressure zone.</li><li>Ethereum is currently trading at $1,803, just below the identified resistance zone.</li><li>On-chain chart shows a red cluster around $1,860, suggesting holders may sell at this level to break even.</li><li>Only 44.23% of ETH holders are in profit, indicating a cautious trading atmosphere with 54.90% still in the red.</li></ul>

Ethereum Faces Major Resistance: 5.58M ETH Held by 4.54M Wallets

Discover more