Ethereum monthly analysis Ethereum / TetherUSBINANCE:ETHUSDTshakhitamiPrice Action & Structure: •Ethereum is forming a symmetrical triangle, indicating a potential breakout or breakdown in the coming months. •Key resistance levels: •$4,698 (mid-term resistance) •$5,640 (all-time high area) •Key support levels: •$2,235 •$1,600 Indicators: •RSI (14): Currently around 50, showing neutral momentum but slightly recovering. No overbought or oversold condition. •MACD (12,26): The blue line is attempting to cross above the orange line, a possible early bullish crossover. Histogram shows weakening bearish momentum. •Volume: Decreasing volume inside the triangle pattern, typical before a breakout. Outlook: •A breakout above $4,698 with volume could target the $5,640 zone. •A breakdown below $2,235 would open the door toward $1,600 or lower. •Wait for a confirmed breakout from the triangle before major entries.