According to Cas Abbé, ETH (Ethereum) typically trades in three distinct phases: corrective, recovery, and impulsive. The corrective phase has concluded for this cycle, while the recovery phase has been ongoing since 2023. Abbé highlights that a monthly close above $3,000 for ETH would signal the start of the impulsive phase, which historically leads to significant price rallies and increased trading volumes. This technical level is now a critical point for traders to monitor, as a breakout could trigger a new bullish momentum in the ETH market, impacting short-term and long-term trading strategies. Source: Cas Abbé (@cas_abbe) on Twitter, June 12, 2025.

According to Trader Tardigrade, Ethereum (ETH) has transitioned into an impulsive phase after completing its recovery phase, mirroring the pattern seen in the previous market cycle. This cycle-based alignment suggests potential for increased volatility and trading opportunities, as historically, the impulsive phase has been associated with significant price movements. Traders are advised to monitor ETH price action closely for breakout patterns and increased momentum, as indicated in the shared chart analysis (source: Trader Tardigrade on Twitter, May 4, 2025).