Glassnode Shares Updated Analysis for Bitcoin and Ethereum! Will the Rise Continue?

While the cryptocurrency market has been volatile in recent weeks, on-chain analysis platform Glassnode evaluated the past week in Bitcoin and cryptocurrencies.

Analysts noted that Bitcoin is moving within a narrow range, adding that sellers are getting tired but the risk of a decline still remains.

Glassnode said in its weekly report that Bitcoin has corrected after its record high of $123,000 and is entering a cooling phase.

Analysts stated that sellers are now tired after the corrections in Bitcoin, and that BTC and the market are currently at a sensitive point.

According to analysts, sellers have started to run out, but Bitcoin cannot stay very strong and is in a position to fall if negative catalysts emerge.

“Bitcoin has pulled back after reaching a new all-time high. This pullback has caused a cooling in the market overall.

Bitcoin and the market cooled down after the ATH and entered a reassessment phase.

As signs of seller exhaustion mount, a recovery in Bitcoin is possible, but the risk of a downside remains if negative catalysts and macroeconomic events emerge.

What is the Latest Situation in Ethereum?

Glassnode said in a recent analysis that the $4,500 level is the critical resistance for Ethereum.

Glassnode said that Ethereum’s +1σ active realized price band is located at $4,500, and this level serves as a critical resistance level for the continued rally that previously occurred in March 2024 and during the 2020-2021 cycle.

At this point, analysts noted that a break above this level would signal market enthusiasm and a significant bullish threshold for the current rally.

#ETH’s +1σ Active Realized Price band – currently at $4.5K – marks a key upside threshold for the current rally. This level acted as resistance in March 2024 and during the 2020–21 cycle. Breakouts above it often signal market euphoria and rising risk of structural instability. pic.twitter.com/JFyaV0yGju

— glassnode (@glassnode) July 29, 2025

*This is not investment advice.

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