According to Trader Tardigrade, Ethereum's daily chart is currently forming a Bull Pennant pattern, signaling potential upward momentum with a price target of $4,000 (source: @TATrader_Alan, May 30, 2025). This technical formation is a classic bullish continuation signal, often indicating that strong buying interest could push ETH higher in the short to medium term. Traders are watching for a breakout above the pennant resistance, which could confirm the start of a new bullish phase in the ETH market. The anticipated move aligns with increased trading volumes and positive sentiment, suggesting that an ETH season could be imminent, potentially impacting altcoin flows and broader crypto market liquidity.

According to Trader Tardigrade, Ethereum (ETH) is currently breaking out from a recently established bull pennant pattern after a confirmed trendline breakout, signaling a strong continuation of the uptrend. The technical price target for this bull pennant is set at $2250, which traders are watching closely for potential profit opportunities. This bullish momentum could attract increased trading volume and speculative interest, potentially impacting related altcoins and the broader crypto market. Source: Twitter (@TATrader_Alan, May 7, 2025).