Ethereum continues to trade in an extended accumulation phase, signaling that the market may be approaching a key transition. With ETH/BTC firmly defending long-term cycle support, the structure indicates a serene building of strength beneath the surface, often preceding a rotation and a decisive next move.
Ethereum’s inverted monthly chart signals late-stage accumulation
CRYPTO EGRAG completed postshowing that Ethereum’s inverted monthly chart continues to reflect the familiar cyclical pattern, albeit with a noticeable evolution. Each market cycle follows a similar rhythm, but as an asset matures, volatility decreases and price behavior becomes more controlled.
In the first cycle, Ethereum experienced a compact accumulation phase followed by a keen and rapid decline. The second cycle extended the accumulation period, resulting in a more gradual decline. Meanwhile, in the third and current cycle, accumulation took much longer, suggesting that any corrective phase should be relatively shallow.
Note that the chart is inverted, meaning that what looks like a decline in this view is actually a breakout from the standard price chart. In this context, the current structure suggests that accumulation is coming to an end and the market may be approaching its next decisive move. This configuration indicates a less explosive movement compared to earlier cycles, but a more controlled one.
From a pricing plan perspective, initial resistance is estimated to be between $3,800 and $4,500. Successfully converting this zone to support could open the door to the $6,000-$7,500 region. The primary risk scenario remains a deeper retest towards the USD 1,800-2,200 range before a broader continuation of gains.
Why ETH/BTC is currently the key market barometer
In recent post for ETH/BTC, CyrilXBT emphasized that this remains one of the most crucial charts to monitor. Ethereum continues to defend the 2018 cycle support by consistently printing higher lows while price action tightens just below key resistance levels. This type of compression often signals that the market is preparing for a bigger move rather than a crash.
Importantly, there are no signs of panic or structural damage. Sellers have failed to force a decisive breakout, while buyers continue to move higher, reinforcing the strength of the underlying support. The longer this base holds, the more significant a possible breakout or rotation becomes.
At this point in the cycle, Ethereum doesn’t need to outperform aggressively. Simply maintaining its relative value is usually enough to signal the early stages of capital turnover. Historically, sustained stability in the ETH/BTC pair has typically preceded periods where Ethereum begins to take the lead once momentum has fully returned.
