ETH Hits Critical $4,500 +1σ Effective Realized Price Range Signaling Key Market Rebound Threshold

Key Points

1. The $4,500 threshold has acted as a resistance level in March 2024 and during the 2020-21 cycle.

2. The +1σ effective realized price range combines realized price and standard deviation to assess price fluctuations and market health.

3. Structural instability risks increase when ETH approaches or surpasses the +1σ range, often leading to heightened price volatility.

4. The $4,500 level is a pivotal point for traders to watch, as it can indicate potential market shifts in Ethereum’s price dynamics.