ETH $3,000 Resistance Forming... Breakout to $3,500

According to Forbes, a number of analysts are looking at the $3,000 level as support and resistance for ETH. Tim Enneking, Managing Partner at Psalion, said, "Near-term resistance has been established at $3,000. It could take about a week for this resistance to turn into support," said Tim Enneking, Managing Partner at Psalion. Brett Sifling, investment advisor at Gerber Kawasaki, said, "After ETH breaks above $3,000, we expect stronger resistance at $3,500. William Noble, Director of Research at Emerging Assets Group, added: "We currently see ETH support at $2,766 with an upside target of $3,359. However, regardless of ETH's fundamentals, selling pressure from the sale of Grayscale custody assets could hinder ETH's price appreciation.