Final answer:
The statement is false because Amazon S3 is an object storage service while Amazon EBS provides block level storage volumes.
Step-by-step explanation:
The statement that Amazon S3 is block-based and Amazon EBS is object-based is false. In fact, it is quite the opposite. Amazon S3, or Simple Storage Service, is an object storage service that offers scalability, data availability, security, and performance. This means that data is managed as objects within buckets rather than blocks. On the other hand, Amazon Elastic Block Store (EBS) provides block level storage volumes for use with Amazon EC2 instances. EBS is more akin to traditional hard drives where the data is organized in blocks.