Guys, take a look at this monthly chart of Ethereum on Binance 👇
Currently, $ETH is around 3.304 USDC, in slight correction after an impressive strength period that saw it reach 4.057 USDC in the past months.
Despite the decline, the technical picture remains very interesting: the 25-period moving average (around 2.126 USDC) continues to support the price and the pattern seems to be aiming to draw an accumulation base ahead of the next explosive movement.
If we look at the long-term structure, it almost feels like seeing previous cycles again: a strong rise, correction, and then... boom! 🚀
The drawing on the chart is clear: an upward curve pointing straight up.
Key levels to keep an eye on?
Strong support: $2.300 – $2.500
Primary resistance: $4.000 – $4.200
Possible medium-term target: $5.000+, if it breaks the resistance with increasing volumes
The impression is that the market is loading the spring. If BTC continues to hold, ETH could be the next to make the leap in quality.
And what do you think about this situation?
