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Viewpoint: Ethereum's uptrend meets resistance at $4700 again, short-term selling pressure emerges
By: theblockbeats.news|2025/08/18 09:12:01
BlockBeats News, August 18th, glassnode stated in a post that Ethereum's uptrend was once again rejected at the +1σ Realized Price (around $4700) — the last time this level was breached was in March 2024. In several previous cycles, this threshold has repeatedly acted as a resistance level, indicating an overheated state in this area and strong selling pressure.
An example Whale liquidated their ETH long position and incurred a $6.59 million loss, then proceeded to long ETH again.
Victim of $20 Million Crypto Scam Expands Fraud Lawsuit to Two Additional Banks – Update as of August 18, 2025
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