BlockBeats news, August 18, glassnode stated that Ethereum's upward trend has once again encountered resistance at the +1σ actual active price (approximately $4700) — the last breakthrough at this level was in March 2024. In previous cycles, this threshold has repeatedly acted as a resistance level, indicating an overheating state and strong selling pressure in this area.
Viewpoint: Ethereum's upward trend encounters resistance at $4700, short-term selling pressure emerges
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
4,602.62
-3.02%
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
@BlockBeats