🚀 Ethereum (ETH) Monthly Chart Analysis – Big Move Incoming? 🔥
Ethereum is at a critical level, and its next move could define the trend for the coming months. Let’s analyze! 👇
📍 Current Market Status:
💰 Price: $1,996
📉 Support Levels: $1,545 | $1,180 | $872
📈 Resistance Levels: $2,729 | $3,283 | $4,110
🚀 Bullish Scenario: Breakout Ahead?
If ETH breaks above $2,729, expect a push towards $3,283 and potentially $4,110. 📈🔥
The uptrend line indicates long-term bullish strength. A breakout above $3,000 could confirm a new rally! 🚀
⚠️ Bearish Scenario: More Downside?
If ETH loses $1,545 support, we could see a drop towards $1,180 and even $872.
A breakdown below the trendline could signal a deeper correction before any bullish momentum resumes.
🔮 Long-Term Outlook: What's Next for ETH?
The market structure is still bullish as long as higher lows continue.
If ETH follows its historical cycles, a move towards $5,000+ could happen in the next bull run! 🔥
📝 NOTE: This is only technical analysis (TA) for educational purposes. I am not a financial advisor. Always do your own research before making any decisions! 📊
