📊🤔 ETH HITS THE SAME RESISTANCE AS ALWAYS
According to data from Glassnode, Ethereum's rally has once again stalled in the region of US$ 4.700 – exactly the level of +1σ of the Active Realized Price.
👉 But what does this mean?
In simple terms: the Active Realized Price is an indicator that measures the average price at which active investors bought ETH.
When we add the standard deviation (+1σ), we are looking at the range where the price tends to be 'stretched too much', that is, when there is already a risk of overbuying.
🔎 Whenever the price reaches this region, historically selling pressure appears, because many investors who bought at a lower price take the opportunity to realize profits. This is exactly what happened in March 2024 and is happening again now.
