$ETH 1. Trend
Long-term trend The monthly chart shows an upward trend, but there are signs of slowing growth after a sharp upward movement.
Short-term trend Current consolidation around $3423 indicates uncertainty; the market is waiting for momentum for further movement.
2. Key levels
Resistance levels
$3600–$3800 Short-term resistance that previously acted as a strong selling zone.
$4000–$4200 A zone of stronger resistance (almost a historical maximum).
Support levels
$3000–$3200 A level that has already shown it attracts buyers.
$2600–$2800 A deep zone that may hold the price if a decline begins.
3. Candlestick patterns
Look at the recent candles
If the last monthly candles have long upper shadows, this is a sign of seller pressure.
If the current candle closes above $3500, this may be a signal for continued growth.
4. Indicators (if you use them)
RSI
If RSI is above 70, the asset is overbought (a correction is expected).
If RSI is below 30, the asset is oversold (an increase is possible).
MACD The crossing of the MACD lines will indicate a trend change.
Volumes High volumes on the rise confirm upward movement, low volumes are a sign of weakness.
5. Action recommendations
Buying If the price holds above $3200 and breaks $3600 with volume, this may be a signal to enter a long position.
Selling If the price falls below $3200 and the candles confirm weakness, it may be worth expecting a move to $2800.
