SUPER BULLISH !
$ETH Analysis on monthly chart basis for long term..
🟢 Current
#ETH Price Action
Price: ~$3,899 (as of the latest candle)
Candle Type: Strong green candle showing bullish momentum.
High of Candle: $3,926 — near previous resistance levels.
📈
#Trend Overview
ETH appears to be breaking out of a consolidation phase that lasted several months.
The price has clearly reclaimed the 20 EMA, which historically acts as dynamic support/resistance.
The last few monthly candles show increasing bullish strength after a series of wicks below key support.
🧠 Key
#Technical Zones
Support Levels
$2,800 (EMA) – Significant dynamic support; price closed above it.
$2,200–$2,500 – Consolidation base formed over the past year.
$1,700–$1,800 – Long-term structural support.
#Resistance Levels
$4,000–$4,300 – Major horizontal resistance; previous double top zone.
$4,800–$4,900 – All-time high zone, psychological and technical ceiling.
🧭 Momentum & Structure
ETH has recovered from a multi-month downtrend, forming a higher low around $1,500 and pushing toward a higher high.
The 20 EMA is curling upwards, which is a positive signal.
If ETH closes above $4,000 monthly, that confirms a strong breakout with potential retest toward all-time highs.
📌 Market
#Sentiment Outlook
ETH is in a recovery cycle, possibly entering the early stages of a new bullish trend.
If macro and BTC remain stable or bullish, ETH could outperform and lead alts in the next rally phase.