Ethereum Price: Glassnode Unveils Crucial $4,500 Resistance Ahead

Key Points

1. Glassnode's analysis highlights the $4,500 Ethereum price band as a critical resistance level, derived from the +1σ active realized price band.

2. The $4,500 level is significant due to its historical role as a profit-taking zone during previous bull markets, such as in 2020-2021.

3. Market euphoria, characterized by FOMO and speculative trading, could lead to unsustainable price increases and subsequent corrections if Ethereum breaks $4,500.

4. Heightened structural risks include vulnerabilities like excessive leverage or liquidity issues, which could trigger a severe downturn.

5. Investors are advised to exercise caution, conduct thorough research, and consider risk management strategies when approaching the $4,500 resistance level.