Ethereum monthly: Consolidation & accumulation at supportETHUSDT SPOTBYBIT:ETHUSDTMasterAnandaETHUSDT has been consolidating for the longest time at support since the 2022 bear market bottom. Three months passed in a process of accumulation and consolidation. We saw how last year five months red led to a strong period of growth. The fifth month was the bottom and also the reversal, April 2025. The same month ETH hit bottom started the recovery to end in a new all-time high, after four sessions of bullish action. This time there is a strong variation. The bottom month was February and no recovery was present, that's one. Now three additional monthly candle and the action continues to happen at support. This variation is very significant. Last year just one month supported a major bullish wave; four months can do much more. This is ETH creating a long-term base to start a new market cycle, that's my hypothesis. There aren't many supporting signals on the monthly timeframe for the bullish case. The MACD is at an all-time low; the STOCH is heading down while entering the oversold zone; the RSI is weak. When it comes to the chart structure, things are different though. We have a long-term higher low, Feb 2026 vs April 2025 and the consolidation period. We also have the signal coming from the rest of the market and the fact that no new lows are present in four months. This is a mixed chart at best. I will give it a bullish check just based on what is happening with the rest of the market. The long-term chart for Ethereum doesn't look great. Change happens at the bottom. The conclusion is simple though: There can be more consolidation, more fluctuations, more shakeouts before the market turns. The next market phase is an uptrend, minor moves can happen in any direction. Namaste.