Viewpoint: Ethereum faces key resistance at $4500, this indicator was significant in March 24 and during the last cycle effect.

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BlockBeats news, on July 30, according to glassnode data, the +1σ effective realized price range of ETH (currently at $4500) marks a key upward threshold for the current rebound. This level has acted as resistance during the March 2024 and the 2020-21 cycles, and breaking through this level usually indicates a flourishing market, with rising structural instability risks. The "+1σ effective realized price range" combines the concept of Realized Price and the standard deviation (σ, sigma) in statistics, used to assess the average cost basis of market participants and the fluctuation of market prices.

ETH-2.68%
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