๐ Ethereum (ETH/USDT) โ Technical Snapshot (Monthly Chart)
๐๏ธ Chart Timeframe: 1M (Monthly Candlesticks)
๐ Current Price: ~$2,746.92
๐ 24h Change: -1.74%
๐ Indicators Used:
MA (25): ~$2,530
MA (99): Not available (too short of price history)
MA (9): ~$2,603
๐ Key Observations
โ Bullish Signals
โ MA Cross: Price is currently above both the 9 and 25-period MAs, suggesting a short- to mid-term bullish trend.
โ Strong Recovery Candles: After a deep retracement from 2021โs ATH (~$4,800), Ethereum is forming higher lows in 2024โ2025.
โ Volume Spike (Recent): There's a gradual uptick in volume, showing renewed buyer interest around the $2,300โ$2,700 zone.
โ ๏ธ Caution Points
โ ๏ธ Resistance Zone: ETH faces strong resistance near $3,000โ$3,200, a key psychological and technical level.
โ ๏ธ Long Wick Rejections: Some previous months show long upper wicks, indicating selling pressure as price tries to rally.
๐ป Previous Price Action
๐ ETH peaked around $4,800 in 2021.
๐ณ๏ธ Bottomed near $880 in June 2022.
โ๏ธ Since then, itโs forming a rounded base โ a classic accumulation pattern.
๐ฎ ETH Price Outlook โ Mid-2025
Bullish Breakout Target: $3,250โ$3,800
Support Zone: $2,300โ$2,500
Risk Alert if Drops Below: $2,100
๐ Conclusion
ETH is looking technically healthy with higher lows, strong support, and bullish moving average crossovers. The market is likely accumulating for a breakout โ possibly timed around Bitcoinโs cycle, ETH ETF developments, or Ethereum ecosystem upgrades.
