ETH Near $5K to Light Up Altseason, SOL Leads the Watchlist

Market analyst Ash Crypto notes that the largest altcoin gains tend to follow new Ethereum highs, citing 2021 when ETH breakouts preceded strong runs in MATIC, MANA, SHIB, DOGE, and SOL.

The market now watches $5,000 on ETH as the next trigger. Altcoins consolidate and wait for a directional signal from Ethereum, which remains the key risk barometer for breadth.

Altcoins are currently consolidating, awaiting clear signals from Ethereum’s price action. Polygon’s (POL) price has 1.79% this week to $0.1884 after failing to hold gains above the resistance zone.

The token remains trapped in a tight range between $0.18 and $0.21, showing fading momentum and weakening volume. Maintaining support above $0.18 is essential to avoid further downside toward $0.17.

Similarly, Decentraland’s (MANA) price has dropped over 6% this week, now trading near $0.226. The token is testing a critical support area around $0.22, where buyers are attempting to stabilize the decline. A decisive recovery above $0.25 could restore momentum, while failure to hold $0.22 might expose $0.20 as the next key level.

Shiba Inu (SHIB) has fallen 4.46% over the week to around $0.000009789, marking a loss of . The token continues to trade below major moving averages, signaling ongoing weakness.

However, a slight increase in market capitalization suggests that long-term holders are still accumulating. If SHIB holds above $0.0000095, it could rebound toward $0.0000103 in the short term.

Dogecoin (DOGE) also remains under pressure, down 1.45% at $0.1866. The key support at $0.18 continues to hold, though momentum has faded since its failed breakout above $0.21. A strong close above that level would shift sentiment back to bullish and could target $0.24.

Among major altcoins, Solana (SOL) shows relative strength, trading near $185 after rebounding from $183. The token’s stability within the $180–$200 range indicates ongoing accumulation despite market consolidation. A breakout above $200 would confirm renewed bullish momentum and may signal the early stages of an altseason if Ethereum follows with a decisive breakout above $5,000.