Monthly ETH still gives a big clue 👀

ETHEREUM ANALYSIS (ETH/USDT)
Timeframe: 1M (Monthly) – suitable for swing & long-term view

📌 Current Price Condition
Price around 3,320 USDT
Still within the upward channel (long-term uptrend)
Has retested the lower trendline of the channel → crucial area

📊 EMA (Moving Average)
EMA 9 & EMA 21: starting to converge → sign of consolidation phase
EMA 200 far below → major trend is still BULLISH 👉 As long as the price is above EMA 200, the larger structure of ETH is safe

📉 RSI (Momentum)
RSI(14): ±49
RSI(30 & 70): around 50
➡️ Neutral, not overbought & not oversold
⚠️ Usually this is the phase “calm before a big move”

📈 MACD
Red histogram is starting to shrink
MACD line has the potential for a golden cross 🔥 This often serves as an early signal for an upward reversal

🧱 Important Support & Resistance
Strong support:
2,750 – 2,800 USDT
2,600 USDT (EMA 200 area)
Strong resistance:
3,560 USDT
4,350 USDT

ATH area: 4,950 – 5,100 USDT
🔮 ETH Scenario
✅ Bullish scenario:
Staying above 3,000
Break 3,560 → target 4,300 – 4,900
❌ Bearish scenario:
Breakdown 2,750 → potential drop to 2,600
But this is still a healthy correction within the uptrend

🧠 Brief Conclusion
ETH is currently in a healthy consolidation within a major uptrend.
The current area is suitable for gradual accumulation, not all-in.
#ETH #Ethereum #ETHETFsApproved #Binance $ETH
{spot}(ETHUSDT)