Ethereum Defies 'September Curse' but Faces Major Resistance Wall Ahead

Ethereum has bucked the 'September Curse' and is up by more than 9% since the start of the month.

This comes as fresh data revealed that Ethereum may be approaching a major resistance zone before a potential bullish move, with transactions worth over $1 million jumping nearly 500% in the past week.

The number of such transactions increased from 1,202 to 7,113, while large holders accumulated more than 320,000 ETH. This stash is currently worth around $864 million at current prices.

Ethereum still faces a major wall between $2,722 and $2,822, with over 13.3 million ETH previously traded in this range. Several failed breakout attempts could occur if the leading altcoin breaks above this zone decisively.