ETH price touches $4700 resistance level again, the market may face selling pressure.

[Coin World] Glassnode data shows that the ETH price has stalled again at the $4,700 (+1σ effective realized price) level, with the last breakout at this resistance level occurring in March 2024. This price level has repeatedly acted as a resistance level throughout historical cycles, indicating that the current market may be in an overheated state and facing significant selling pressure.

ETH8.51%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
GweiTooHighvip
· 08-20 12:32
The pressure is really not small, bro.
View OriginalReply0
WhaleMinionvip
· 08-20 01:05
It's stuck again, what's the panic?
View OriginalReply0
YieldHuntervip
· 08-19 01:56
technically speaking... time to derisk. dat resistance level is no joke
Reply0
ServantOfSatoshivip
· 08-18 09:28
The breakout is tonight.
View OriginalReply0
DAOTruantvip
· 08-18 09:26
Still jumping continuously~ Let's disperse!
View OriginalReply0
AirdropCollectorvip
· 08-18 09:25
The rise has stopped, run run run
View OriginalReply0
AltcoinMarathonervip
· 08-18 09:06
mile 20 vibes rn... this resistance is just another wall to break thru
Reply0
GateUser-9ad11037vip
· 08-18 09:06
Come on, it's time to start shorting.
View OriginalReply0
ApeWithNoFearvip
· 08-18 09:02
Stop after reaching 4700?
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)