ETH Monthly – Fibonacci Structure in Play

ETH has been respecting the monthly Fibonacci levels with surprising precision.

There was a clear double top at the 0.236 Fib in May and November 2024, with a base forming at the 0.5 Fib. That same 0.5 Fib now acts as support, aligned with the 50MA.

The BB centre is currently stopping price, but for how long remains to be seen.
SMA is above MLR and rising, which supports a bullish bias.

If this structure holds, the next resistance zones may align with the higher Fib levels.

Feel free to drop your thoughts in the comments—good or bad, all engagement is appreciated.
Take profits. Manage risk. Stay sharp.