Viewpoint: Ethereum faces key resistance at $4500, which has shown significant cyclical effects in March 2024 and the previous round

According to BlockBeats, on July 30th, according to Glassnode data, ETH's+1 σ effective realized price range (currently $4500) marks the key upward threshold for the current rebound. This level has played a resistance role in March 2024 and the 2020-21 cycle, and breaking through this level usually indicates a thriving market and an increase in structural instability risks. The '+1 σ effective realized price range' combines the concepts of realized price and standard deviation (σ, sigma) in statistics to evaluate the average cost basis of market participants and the volatility of market prices.