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TechFlow, August 18 — Glassnode data shows that the Ethereum price has once again stalled at the $4,700 level (+1σ realized price), a resistance level last breached in March 2024. This price level has repeatedly acted as resistance throughout previous cycles, indicating that the current market may be overheated and facing significant selling pressure.
Glassnode data shows that Ethereum's price has once again stalled at the $4,700 level (+1σ adjusted realized price), a resistance level last breached in March 2024. This price level has repeatedly acted as resistance throughout past cycles, indicating that the current market may be overheated and facing significant selling pressure.
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