Is $4,956 the cycle top for ETH? Or just the midpoint of a bigger move? 👀
ETH’s last major high on the monthly chart sits near $4,956.
What’s crazy is it took almost 3 years for ETH to even come back to this zone… and when it finally did, it failed to hold above it.
Instead of breaking and running, ETH got pushed back down to the $2,900–$3,000 area where price is right now 📉
Meanwhile, tech stocks are making new highs. Gold and silver are exploding 🚀
And ETH holders? Still stuck between hope and pain.
Current situation:
🔴 Major resistance: $4,000 – $4,950
🟡 Current price: ~$2,935
🟢 Key support zone: $2,800 – $2,650
⚠️ If this fails: next big area is $2,000 – $2,200
As long as ETH is below $3,500–$3,700, the market is still in recovery mode not a real bull trend.
For ETH to prove strength, it needs to:
✅ Hold above $2.8k
⬆️ Reclaim $3.5k+
🔥 Then challenge $4k–$4.9k again
If ETH can’t do that, the risk is simple: more chop… or another leg down.
And here’s the truth most alt holders ignore:
Altseason runs on ETH ⚡
If ETH can’t break $4k and build strength, most altcoins will stay weak, slow, and frustrating.
No strong ETH → no real altseason.
So the real question isn’t “which alt will 10x?”
It’s: Is ETH strong enough to lead again… or was $4,956 the cycle top? ⏳