🔹 Monthly Ethereum Analysis - July 2025
The price is moving within a long-term ascending channel that started in 2017.
The Relative Strength Index (RSI) shows repeated bearish divergence at each major peak, indicating weakness in momentum despite the rising price.
Currently, the RSI has crossed above its long-term descending trend line, which historically precedes any strong price breakout.
If Ethereum closes above $3,760 this month, it will be the highest monthly close since December 2021.
A confirmed breakout above the previous high of $4,100 is likely to lead to a move towards the channel's peak near $14,000.
📌 Summary:
The current structure supports the continuation of the uptrend. The breakout of the RSI ahead of the price indicates increasing momentum, and the monthly close above $3,760 reinforces the likelihood of a long-term rise.
✅ Technical entry point: After a monthly close above $4,100
🎯 Potential targets: $5,000 → $8,000 → up to $14,000 in the long term
