#ETHCrossed2500

Simplified analysis of Ethereum against the dollar (Monthly frame):

Over the past month, the price of Ethereum has been moving sideways after previous increases. There seems to be a strong resistance area around $3500-4000, where the price struggles to break through. Conversely, there is an important support level around $2200-2400, where the price bounces back from.

The technical indicators do not give a clear signal for the direction currently. There is no strong momentum for buying or selling.

Possible forecasts:

* Continued fluctuation: The price may continue to move between the current support and resistance levels for a longer period.

* Possibility of an increase: If positive news emerges or buyer interest increases, the price may break the resistance level and rise further.

* Possibility of a decrease: If selling pressure increases or negative news appears, the price may decrease and break the support level.