Analysis: Ethereum faces a key resistance at $4700, while Bitcoin encounters a significant resistance at $127,000

By: theblockbeats.news|2025/08/13 10:02:06
0
Share
copy

BlockBeats News, August 13th, glassnode concluded on the current Ethereum trend based on the indicator of the +1 standard deviation level of realized price (which typically signals the start of increasing selling pressure): the $4700 price point has become a key resistance to monitor. A decisive breakthrough may portend the beginning of a more speculative phase, but if sentiment shifts, it also increases the risk of a sharp reversal.

This level holds historical significance, acting as a ceiling during the rebound in March 2024 and serving as resistance multiple times during the 2020-21 bull market cycle. In the past, when Ethereum has broken through this range, it has usually been accompanied by high investor enthusiasm and a fragile market structure.

For Bitcoin, glassnode uses the Short-Term Holder (STH) cost basis, representing the average acquisition price of new market participants, which has historically marked the boundary between bullish and bearish local regimes.

From the perspective of these pricing levels, the $127,000 level has become a key level to monitor for price reaction as it further rises and may be the first significant resistance level to overcome. Additionally, a decisive move above $127,000 may bring the $144,000 region into consideration, where the +2σ band aligns with a major resistance area and could trigger a sharp increase in selling pressure.

-- Price

--

You may also like

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

The person who helped TAO rise by 90% has now single-handedly crashed the price again today

As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.

3-Minute Guide to Participating in the SpaceX IPO on Bitget

Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.

Top 5 Cryptos to Buy in 2026 Q1: A ChatGPT Deep Dive Analysis

Explore the top 5 cryptos to buy in Q1 2026 including BTC, ETH, SOL, TAO, and ONDO. See price outlooks, key narratives, and institutional catalysts shaping the next market move.

How to Earn $15,000 with Idle USDT Before Altcoin Season 2026

Wondering if altcoin season is coming in 2026? Get the latest market update, and learn how to turn your idle stablecoins waiting for entry into extra rewards up to 15,000 USDT.

Popular coins

Latest Crypto News

Read more