币界网报道：Ethereum (ETH) continues to face significant selling pressure near the critical $3,500 resistance level, struggling to break through despite recent bullish momentum. Analysts note that large sell orders around this price point are creating strong resistance, with on-chain data showing substantial profit-taking by long-term holders. The asset has retested this level multiple times in recent weeks but failed to sustain upward movement, leading to increased volatility. Market sentiment remains cautious as traders watch for potential catalysts, including Ethereum ETF developments and broader macroeconomic trends. Meanwhile, the ETH/BTC pair has shown relative weakness, underperforming Bitcoin in recent sessions. Some technical indicators suggest a possible pullback if the resistance holds, though a decisive breakout could trigger renewed bullish momentum.