Ethereum (ETH) is showing signs of a strong uptrend in the coming months, according to the monthly price chart. The cryptocurrency has formed a base and has been steadily increasing from $1,600. It has remained stable above the 50-month simple moving average and has broken through resistance levels at $1,500 and $1,600. The price is now following a rising channel with support at $1,980. The last three monthly candles have been bullish, indicating further upside potential. Bitcoin is also signaling an uptrend, which could benefit altcoins like ETH. On the upside, ETH/USD faces resistance near the $2,320 level, with the first major resistance at $2,400. If the price reaches this level, it could face selling pressure and start a downside correction. The first major support is near the $2,050 zone, followed by the rising channel support at $1,980 or $2,000. A break below the channel support could impact the current uptrend and lead to further price declines. The next key support levels are $1,650 and the 50-month simple moving average at $1,250.However, if the bulls continue to push the price higher, ETH could rise above the $2,320 and $2,400 resistance levels. The next key resistance is near $2,880, followed by the 50% Fib retracement level at $2,880. In this scenario, the price could rally towards the $3,350 level and potentially even reach the $4,000 resistance zone.Overall, the monthly chart suggests that ETH is forming a medium-term uptrend above $2,000. If the bulls remain in control, the price could potentially reach $2,880 or even $3,350 in the coming weeks. However, a retest of the $2,050 support cannot be ruled out.