2026-02-23 20:03:34

ETH’s price action is simple to understand when analyzed on a monthly timeframe.

We don’t talk about an uptrend or downtrend for ETH because it has been range-bound and moving sideways for over five years.
BTC started an uptrend in 2023, but ETH did not. There has been no new ATH.
The white line played a critical role during the June 2022 and April 2025 corrections. That’s why it becomes especially important when identifying support zones.
The interpretation is straightforward: a move above the orange line would start a new uptrend, while a move below the white line would resume the downtrend (the 2025 peak would be considered a double top).
The price is still within a consolidation range; therefore, we cannot assume an upside or downside move unless there is a clean breakout in either direction.
#Ethereum #ETH $ETH #Crypto

ETH-4,64%

BTC-4,57%

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