$ETH

ETHUSDT

Perp

2,305.23

-3.18%

has basically been stuck in a long-term range since 2021 📊

The ~$4,900 zone isn’t just resistance — it’s the last major cycle ceiling, where momentum previously peaked and liquidity got trapped.

Since then:

Every major rally has approached that level… and got rejected 👀

That tells us one thing:

👉 Pressure is building, not disappearing