$ETH Monthly Breakout in Progress, Time to Pay Attention
This ETH/USDT monthly chart is screaming macro breakout.
📈 3 clear rejections from a multi-year diagonal trendline (red circles) — one in 2021, one in early 2025, and a final one just recently.
But this time… Ethereum smashed through.
What makes this chart so powerful:
Massive resistance now broken after nearly 4 years of capping ETH.
Clean monthly close above the diagonal (no wick rejection) — signaling strength.
Post-breakout candles show strong momentum, with upside targets towards $6,000 → $9,000 in the coming year.
This isn’t just noise, this is macro trend reversal territory.
🧠 Historically, ETH leads altcoin runs post-breakout. If this breakout holds, altseason could follow.
Stay sharp. Retests could be juicy, but momentum traders are already positioning.
ETH above $4K = game on.
👀 Watching for follow-through volume & BTC correlation.
🚀 Next stop? Price discovery.