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🔷 Technical analysis of the ETH chart on the monthly timeframe
The image shows the most important historical stages of Ethereum, where the price moves within a wide accumulation range similar to the 2017 phase before the price explosion.

🔹 1 – A clear similarity between the 2017 cycle and the current cycle
The horizontal range that has extended since the peak of 2021 indicates long-term accumulation, with a steady resistance around 4200–4800 and an ascending support reflecting growing buying strength.
This behavior usually paves the way for strong breakouts once the historical peak of the range is surpassed.

🔹 2 – What does it mean?
When a long horizontal range forms above a monthly upward trend, it means that the market is in a state of:
Quiet institutional accumulation
Continuous absorption of liquidity
Gradual weakening of sellers
These factors often precede a strong impulsive movement.

🔹 3 – Expected targets after breaking resistance
If the area of 4800 is breached and the monthly close is above it, ETH may technically head towards:
💠 The area of 6000 – 6800 as a natural target to measure the height of the range.
💠 The area of 7000+ as a price extension at the peak of the cycle.

🔹 4 – Warning
As seen in the cycles of 2013, 2017, and 2021, major peaks are usually followed by:
📉 A bear market lasting 12–18 months.
📉 Corrections that may reach 60–70%.
Therefore, it is very reasonable to anticipate a strong corrective wave during 2026 after the next peak.
✔ The pattern is bullish and strong on the monthly timeframe.
✔ Buying pressure is clear.
✔ The breakout levels are known and defined.
✔ The expected bearish scenario is based on market cycles.
$ETH