ETH's monthly chart outlines a challenging restructuring phase as the price officially sits below the MA50 ($2,437). In portfolio management, losing the 4-year moving average on a monthly timeframe typically signals a disrupted long-term growth cycle, forcing the asset to seek a new, lower equilibrium to re-accumulate momentum.
The striking similarity in the peaks of the last two cycles around $4,900 suggests that ETH faces a massive psychological and valuation barrier at this level. When performance fails to break out of the old range despite ecosystem expansion, the question of a "new bottom" becomes the core of long-term strategy. If the current $2,080 fails to hold as a solid pivot, the market will likely discount toward deeper liquidity zones.
Reflecting on history, the $881 bottom of the previous cycle was a crucial milestone. However, with the current structure, the MA100 ($1,731) support is emerging as an ideal destination for a healthy correction scenario. A "washout" to this area would not only flush out weak leveraged positions but also create a price floor attractive enough for institutional capital to return.
ETH's new bottom likely won't be as extreme as the previous cycle's, but it requires a painful enough confirmation to reset conviction for a true bull run 🆙⏫🆙
