It's hard to understand what Ethereum is doing, right?

Well, It's not like that if you zoom out

On the monthly chart we can see how $ETH has created a large range between the 0.382 and 0.786 Fibonacci.

The demand zone between $2500 and $2100 is holding up well.

Many thinks that Ethereum is dead because it has not made explosive movements like many other Alts (bullish movements that have mostly already been eaten down now),

but if you look closely this looks like a healthy chart.

With his huge market cap it's more difficult to raise the price and in recents months Solana has stolen the show thanks to lower fees and memecoins.

But if you are careful you will see that

- inflows on $ETH ETF spot are growing

- several NFT collections on Ethereum are coming back to life

- many influencers are starting to say that 2025 will be the year of $ETH (this does not mean anything in itself but we can only use it as an indicator of where they want to bring the mass)

- $ETH chart is not bad

Ethereum is not dead