ETH Monthly Technical Analysis
Ethereum
Blockchain platform that enables smart contracts and decentralized applications (dApps).
ETH Technical Analysis Summary
Ethereum is currently in a corrective phase on the monthly timeframe, evidenced by trading below the 50-month SMA and a bearish MACD crossover. The price is testing a critical support zone around 2,200, which served as the ceiling for the 2022-2023 consolidation; holding this level is essential to maintain a bullish macro thesis. A failure here could see price revert toward the lower Bollinger Band near 1,500, while reclaiming the 2,470–2,940 zone is necessary to restore bullish momentum.
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ETH Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has dropped below the 50-month SMA and the Bollinger Band basis (20 SMA). The monthly MACD has crossed downwards with a widening negative histogram, and recent candles show strong selling pressure.
Long-term Sentiment (weeks to months): Neutral
While the asset remains above the major cyclical lows of 2022, the failure to create a new all-time high in 2024 (forming a lower high at ~4,100) and the loss of the 50-month moving average suggest a weakening macro trend.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-02-02T07:19:00.812Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $2,100.00 | $2,000.00 - $2,200.00 | Strong | Current retest zone; previously a major resistance ceiling during the 2022-2023 consolidation. |
| $1,500.00 | $1,400.00 - $1,600.00 | Strong | Aligns with the lower Bollinger Band and historical accumulation zones. |
| $940.00 | $880.00 - $1,000.00 | Strong | Major secular cycle lows established in 2022. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $2,705.00 | $2,470.00 - $2,940.00 | Strong | Confluence of the 50-month SMA and the 20-month SMA (Bollinger basis). |
| $4,000.00 | $3,900.00 - $4,100.00 | Strong | Recent swing high from early 2024. |
| $4,850.00 | $4,800.00 - $4,900.00 | Strong | All-time high zone from 2021. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Macro Lower High | Bearish | N/A | The 2024 peak near 4,000 failed to exceed the 2021 peak of ~4,800, creating a large-scale lower high structure on the monthly chart. |
| Weak | Breakout Retest | Neutral | N/A | Price broke out of a multi-year base (2022-2023) and is now falling back to test the top of that base (~2,100) as support. |
Frequently Asked Questions about ETH
What is the current sentiment for ETH?
The short-term sentiment for ETH is currently Bearish because Price has dropped below the 50-month SMA and the Bollinger Band basis (20 SMA). The monthly MACD has crossed downwards with a widening negative histogram, and recent candles show strong selling pressure.. The long-term trend is classified as Neutral.
What are the key support levels for ETH?
StockDips.AI has identified key support levels for ETH at $2,100.00 and $1,500.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is ETH in a significant dip or a Value Dip right now?
ETH has a Value Score of 62/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.