Odaily News Analysis company IntoTheBlock published a post on the X platform saying that the price of Ethereum has returned to $3,000, but encountered significant resistance around $3,200. About 2 million addresses are trading at this price level and are currently in a loss-making state, and may choose to sell when they get their money back. Good news may prevent this from happening, and the Ethereum ETF is expected to be a catalyst for further gains.