Analysis: Ethereum has critical resistance at $4700, while Bitcoin faces significant resistance at $127,000. This summary is generated by AI. Glassnode points out that the key resistance level for Ethereum is at $4700, and a breakout could trigger a speculative phase, but a shift in sentiment also poses a risk of reversal. For Bitcoin, $127,000 is an important price to monitor; a breakout could reference the $144,000 area, where selling pressure may increase. According to BlockBeats, on August 13, Glassnode assessed the current trend of Ethereum through the effective realized price +1 standard deviation level indicator (which typically marks where selling pressure begins to intensify) and concluded that the $4700 price point is a critical resistance to monitor. A decisive breakout could signal the start of a more speculative phase, but a shift in sentiment would also increase the risk of a sharp reversal. This level has historical significance, acting 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 evaluates the cost basis of short-term holders (STH), which represents the average acquisition price of new market participants. 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 becomes a critical point to monitor for reactions during further rises, and it may be the first significant resistance that needs to be overcome. Additionally, a decisive move above $127,000 could consider the $144,000 area, where the +2σ swing trading aligns with the major resistance region and could trigger a sharp increase in selling pressure.