Glassnode: Ethereum is blocked at $4,700, and the market may be overheating
2025-08-18 08:36:01
Glassnode data shows that the price of Ethereum has again stalled at the $4,700 (+ 1 sigma effectively realized price) level, which was last broken in March 2024. This price level has been used repeatedly as a resistance level throughout the historical cycle, indicating that the current market may be overheating and facing significant seller pressure.
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