The Monthly Chart of ETH/USDT

Ethereum (ETH)
Current price: $1,891 at the time the screenshot was taken.

Let’s break this down properly 👇


📉 Long-Term Structure (Monthly Timeframe)

This is NOT short-term noise. Monthly charts show major trend direction.

What we see:

Previous major high around $4,956

Strong rejection from that level

Series of large red monthly candles

Current price below multiple moving averages

That signals: 👉 Macro downtrend / corrective phase

📊 Moving Averages

On the chart:

Price is below shorter MAs

Short MAs are crossing down

Momentum is weakening

That usually means: ⚠️ Sellers still control higher timeframes

For ETH to turn bullish again on monthly:

It must reclaim $2,500–$2,800 zone

Then hold above it

📈 Volume

Recent red candles show increasing sell volume.

That means:

This isn’t just small profit-taking

It’s stronger distribution

However heavy volume dumps sometimes mark mid-cycle resets, not total collapse.

🔎 RSI (Very Important Here)

RSI around 29–40 range

That’s approaching oversold on monthly timeframe.

Monthly oversold levels often mean:

We are closer to long-term support

Downside is limited compared to upside


But it does NOT mean instant reversal.

🎯 Key Levels

Major Support:

* $1,800–$1,700 zone

* If that breaks → $1,500 possible

Major Resistance:

* $2,500

* $2,800

* $3,600 strong resistance

🧠 What This Really Means

Short-term: Weak
Mid-term: Corrective
Long-term: Still structurally strong compared to smaller altcoins

ETH is not a random small coin. It’s the second-largest crypto ecosystem.