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.