Ethereum Stalls Again at $4.7K Resistance Zone
Ethereum stalls at $4.7K, a key resistance level, reflecting strong selling pressure and market hesitation.
- Ethereum hits resistance at the $4.7K mark.
- This level has held firm since March 2024.
- It signals possible overheated market conditions.
Ethereum’s latest rally has hit a familiar ceiling — the $4.7K mark, which aligns with the +1σ Active Realized Price. This level, a notable threshold first surpassed in March 2024, has proven difficult to break through once again, signaling possible overheated market conditions and triggering renewed selling pressure.
The +1σ Active Realized Price is an on-chain metric that often marks when the market starts to become exuberant. In simpler terms, when Ethereum’s price reaches this level, it suggests that most holders are sitting on profits, often prompting them to sell. Historically, this has caused temporary halts or reversals in price trends — exactly what’s unfolding now.
Why $4.7K Is a Critical Zone for Ethereum
This isn’t the first time Ethereum has struggled around this price. In past market cycles, $4.7K has acted as a psychological and technical barrier, signaling moments when buyers slow down and sellers step in. Despite the broader bullish momentum in the crypto market, this resistance remains firm.
For traders and investors, this zone is more than just a number. It’s a signal to assess market sentiment. When Ethereum reaches or flirts with this resistance, it’s often a cue to tread cautiously — either by taking profits or waiting for a confirmed breakout before jumping in.
What’s Next for ETH: Breakout or Pullback?
While a break above the $4.7K resistance could open the doors to new all-time highs, the current stall reflects uncertainty. Market watchers are eyeing on-chain data and trading volume closely to judge whether this is a temporary pause or the start of a deeper pullback.
In short, Ethereum is at a tipping point. Either it breaks above and gains fresh momentum, or sellers continue to dominate, keeping ETH below this long-standing barrier.
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