The market is seeing increasing bullish momentum, with Ethereum stabilizing as it pushes past the $2,500 threshold. After a prolonged period of decline, ETH is now turning a corner into a bullish phase that could see it reach significant highs.
Ethereum’s Impulsive Phase Signals Potential Cycle Peak
As Ethereum gains steam, recent observations indicate a robust and sustained bullish trend emerging. Crypto analyst and investor Trader Tardigrade anticipates that the price may continue to escalate toward a cycle peak due to shifting dynamics in the altcoin’s valuation.
In his assessment of ETH’s current trends, Trader Tardigrade notes that the cryptocurrency has entered a new impulsive phase, marked by strong upward momentum and clear price movements. This shift indicates a potential final push within the current bull market cycle.
This latest increase appears to follow historical trends that often precede substantial rallies, underscoring the vigor of this new impulsive phase. With ETH successfully surpassing key resistance levels, the positive market conditions are likely to enhance the sustainability of its upward trajectory.
According to Trader Tardigrade, ETH’s pricing movements mirror those during the last cycle from 2020 to 2021, which culminated in its all-time high. Should Ethereum replicate the success of the prior cycle, this impulsive rally may take it all the way to the peak of the current cycle.
Trader Tardigrade predicts this cycle peak could reach around $23,818, coinciding with the 2.618 Fibonacci level. This forecast implies a remarkable increase of over 900% from its current valuation.
Before elaborating on his analysis of the cycle peak, Trader Tardigrade had already suggested that a sustained upward trend for ETH was on the horizon, forecasting a bull run within the year. This prediction draws on historical cycle trends, especially from 2020, which marked the beginning of the previous bull market phase.
Examining past patterns, Ethereum’s last bullish phase initiated in March 2020, following its breakout from a Triangle formation after a period of consolidation. Currently, ETH mirrors this breakout, having recently emerged from a similar triangle pattern, thus igniting the ongoing upward movement. Trader Tardigrade believes this indicates that the 2025 bull run has commenced, paving the way for new all-time highs akin to those seen in the 2020 cycle.
ETH Surpasses Significant Resistance Level
With ETH’s successful maneuver beyond pivotal resistance zones, market analyst Ali Martinez has forecasted continued bullish momentum for the cryptocurrency. Recently, he identified the $2,380 mark as a critical resistance threshold that, once broken, would trigger a bullish rally for Ethereum.
Ethereum has now surpassed this essential supply barrier. According to Martinez, if ETH continues to maintain this upward momentum past this level, it could initiate an extended bull rally, suggesting the current upward trend is far from over.
