If the photos are in All Photos, but not in Photos, you may only be seeing My Photo Stream.
Check, if System Preferences > iCloud > iCloud Photos is still enabled. Also Photos > Preferences > iCloud > iCloud Photos. If both Preference Settings are still as they should be, restart the Mac and wait.
What is the Status bar showing below Photos? is it showing "Uploading" or "Updated Just Now"? If Photos for Mac is still "Uploading" it may take a while, before the iCloud versions will sync to the Mac.
If the Photos are still not appearing in Photos , even if the upload has finished, the Photos Library may have a corruption and may need repairing. If you want to try a repair, make a current backup copy of your library. After the repair, the iCloud sync will start all over again and you will have to wait for new , complete upload to iCloud. It may take a long time.
To repair the library on your Mac see this help page: Repair your library in Photos on Mac - Apple Support