Analysis: Ethereum has key resistance at $4700, while Bitcoin faces a significant resistance point at $127,000.

BlockBeats news, on August 13, glassnode determined the current Ethereum trend through the effective implementation of the +1 standard deviation level indicator (which typically marks the point where dumping pressure begins to increase): the price point of $4700 has become a key resistance that needs to be monitored. A decisive breakthrough might signal the beginning of a more speculative phase, but if sentiment shifts, it could also increase the risk of a sharp reversal. This level is historically significant, having acted as a ceiling during the rebound in March 2024 and serving as resistance multiple times during the 2020-21 bull run cycle. In the past, when Ethereum broke through this range, it was usually accompanied by heightened investor enthusiasm and a fragile market structure. For Bitcoin, glassnode evaluated the short-term holders (STH) cost basis, which represents the average acquisition price of new market participants, and this key pricing level has historically marked the boundary between bullish and bearish local regimes. From the perspective of these pricing levels, the $127,000 level has become the key level to monitor for price reactions during further rises, and it may be the first significant resistance point that needs to be overcome. Furthermore, a decisive move above $127,000 could consider the $144,000 area, where the +2σ swing aligns with the major resistance zone and could potentially trigger a sharp increase in selling pressure.