The bullish momentum continues to rise in the market, and Ethereum Stability seems to have been found as the second-largest digital asset expands its updated uptrend to exceed $2,500. After a few times Performance in a few monthsETH finally enters the next bull stage, which may lead to this cycle peak.
When the Ethereum impulse phase begins, the top of the loop is the top of the focus
As Ethereum gains a lot of upward traction, recent developments point to the continued bullish move towards higher price levels. Crypto Analyst and Investor Trader Tardigrade predict With the major shift in Altcoin’s price dynamics, the potential of the sustained upward trend continues to the cyclical peak.
In his analysis Current price action for ETHTrader Tardigrades revealed that the asset has entered a new impulse phase, characterized by upward momentum and decisive price performance. The hint of ETH turning to the impulse phase is that the last lap of the ongoing bull cycle may begin.
This new move gradually aligns with previous historical patterns before the powerful rally, reflecting the intensity of the new impulse phase. With Eth Break through key resistance levels And the market is growing, this favorable environment may improve the sustainability of the recent uptrend for a higher level.
According to experts, Altcoin’s price action is carried out in a similar manner to the last cycle trend from 2020 to 2021, which leads to current all-time highs. If Ethereum performs and the market cycle in 2020-2021, this impulse rally will be brought to the top of the cycle.
Trader Tardigrade sets the peak of this cycle at $23,818, reaching the 2.618 Fibonacci level. The expected substantial growth represents more than 900% of the current price level.
Before his periodic analysis, Trader Tardigrade had already hint As he predicted, the potential for continuous upward performance It’s about to run for ETH’s Bulls Within one year. His predictions are based on past cyclical trends, especially in the 2020 season that began in the final bull market.
From the chart, Ethereum’s last bull market stage began in March 2020 Altcoin After a period of merge within the pattern, it bursts out from the formation of the triangle. Currently, ETH has taken a similar move, breaking through the same triangle pattern, which triggers a sustained upward trend. Therefore, Trader Tardgirade claims that the 2025 bull run has begun, suggesting a new all-time high speed seen in the 2020 cycle.
ETH exceeds key resistance levels
As ETH surpasses the key resistance zone, market expert Ali Martinez predict Altcoin’s continued bullish performance. A few days ago, Ali Martinez pointed out the $2,380 level, a crucial area of resistance that will trigger Ethereum’s bull run once it surpasses it.
Currently, Ethereum has exceeded this critical supply barrier. According to experts, if ETH exceeds this level, it will ignite New Bulls Rallywhich suggests that the ongoing rally may not stop anytime soon.
Featured images from Pixabay, charts from TradingView.com
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