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Ethereum reached the $4700 resistance level +1σ area, selling pressure reappears.
[Coin World] According to data from the data platform, the price of Ethereum has once again encountered resistance at the +1σ active price level (approximately $4,700), a level that has been touched for the first time since March 2024. This threshold has served multiple times as a resistance level in previous cycles, highlighting its importance as a key area of overbought conditions and selling pressure.