Monitor power light blinking resulting in no display

Recently as I've been using my PC, my monitor (Acer K24HL) has been playing up.
The issue that it has caused is a blinking power light, which then ensures the screen is blank. This occurs when I turn my PC on, as it usually boots fine into the login screen, but very shortly after that the screen turns to black and the power light blinks.
I double checked it wasn't a graphics card problem but substituting another monitor which works fine.
I then thought it must have been failing capacitors, but upon inspection it seems that they are all fine.

Unsure what to do next and considering buying a replacement. Any help is appreciated
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More about monitor power light blinking resulting display
  1. How do you know the capacitors are fine? It sounds as if the screen is faulty.
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