Ethereum’s next big move: Is $3,900 on the horizon if $3,600 breaks? – BitRss

• ETH witnessed a slight rise in selling pressure as most investors were “in money.”
• Technical indicators suggested a breakout above the $3.6k resistance. 

Ethereum [ETH] recently managed to hit the $3.6k mark, thanks to the weekly price pump. This pump allowed a substantial chunk of ETH addresses to be in profit. However, it witnessed a slight pullback in the past 24 hours. Will this trend last or, will ETH reverse and move towards $3,900 next?

Ethereum faces correction 

AMBCrypto reported earlier the event of ETH touching its resistance at $3.6k. If ETH turned that resistance into support, it could next target $3.9k. However, that didn’t happen as at press time it was trading at $3,577.87.

Meanwhile, IntoTheBlock’s data revealed that over 90% of ETH investors were “in money”. Generally, whenever such massive number of investors get in profit, it results in profit taking activity, causing a rise in selling pressure.

In fact, that seemed to be happening on this occasion. As per Santiment’s data, ETH&rs…