Viewpoint: Ethereum's rise meets resistance level of $4700 again, short-term selling pressure appears

BlockBeats News: On August 18th, Glassnode announced that Ethereum's upward trend has once again encountered resistance at the+1 σ actual active price (around $4700) - the last breakthrough at this level was in March 2024. In previous cycles, this threshold has repeatedly acted as a resistance level, indicating the presence of overheating and strong selling pressure in the region.