ETH - Near ATH… Price Discovery Reload?🚀

[theSignalyst]

ETHUSDT has marched back to its cycle ceiling on the weekly after a long range. We’re now pressing the final resistance band around $4,880–$5,000 => where a clean breakout would shift ETH into price discovery again.

Confluence is strong here: prior ATH supply + round-number magnet + momentum structure. If buyers clear $5K with a weekly close, I’ll look for the next leg toward $6.5K–$7.25K, then a stretch path into five digits as discovery unfolds. If rejected, a healthy retest toward $4,100–$3,550 would keep the uptrend intact while the range persists.

What’s your plan — buy the weekly breakout above $5K, or wait for a dip into $4.1K for better risk–reward?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr