Ethereum fam, it's time to zoom out and look at the big picture because the monthly chart is screaming opportunity.

Technical Analysis

Looking at the long-term trend, $ETH is perfectly respecting a multi-year ascending channel. After a healthy retest of the lower support boundary, we are seeing a decisive bounce. Key support is rock solid at the $1,906 and $2,360 levels. On the upside, our first major hurdles are at $3,396 and $4,101. If this momentum continues as indicated by the green arrow, we are looking at a moon mission toward the $6,022 target at the channel's ceiling.

Fundamental Analysis

On the fundamental side, the Ethereum ecosystem is seeing massive tailwinds with the successful launch of Spot ETH ETFs, bringing in significant institutional liquidity. Furthermore, the upcoming Pectra upgrade is set to enhance network efficiency and user experience, while the rapid expansion of Layer 2 solutions continues to solidify $ETH as the dominant smart contract platform.

Action Plan

My strategy is simple: I'm using any local pullbacks toward the $2,400 zone to increase my long-term exposure. This is a macro breakout play, and patience will be rewarded as we climb toward those upper resistance zones.

Highly recommend HOLD and Stacking ETH at Binance

Feel free to comment the altcoin you are holding and we will check it for you!

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