Ethereum's weekly chart is capturing significant attention among traders, as highlighted by Trader Tardigrade, who points out the emergence of anticipated impulsive waves in $ETH. This development suggests that the cryptocurrency is poised for continued upward momentum, with a substantial portion of the bull run still ahead. According to Trader Tardigrade's analysis shared on October 11, 2025, there's still a lot of action left, estimating that two-thirds of the bull run has yet to unfold. This optimistic outlook aligns with broader market sentiments, where Ethereum continues to demonstrate resilience amid evolving crypto dynamics. Traders are closely monitoring these impulsive waves, which are characteristic of Elliott Wave theory, indicating strong buying pressure and potential for higher highs in the coming months.

Ethereum Price Analysis and Impulsive Wave Patterns

Diving deeper into the technical aspects, the impulsive waves on Ethereum's weekly timeframe signal a classic bullish continuation pattern. In Elliott Wave analysis, impulsive waves typically consist of five sub-waves that drive the price in the direction of the prevailing trend, often followed by corrective phases. Trader Tardigrade's observation underscores that $ETH is currently in the midst of such a structure, with room for further expansion. For instance, if we consider historical precedents, similar patterns in past bull cycles have led to significant price surges, sometimes exceeding 100% gains from the wave's inception. Without real-time data at this moment, traders should focus on key support levels around $2,000 to $2,500, where buying interest has historically intensified. Resistance zones near $4,000 could be tested as the bull run progresses, offering scalping opportunities for day traders and long-term holds for investors betting on the remaining two-thirds of the cycle.

Trading Strategies for $ETH Bull Run

To capitalize on this anticipated action, traders might employ strategies centered on breakout confirmations and volume analysis. For example, waiting for a weekly close above previous highs could validate the impulsive wave's strength, prompting entries with stop-losses below recent lows to manage risk. Position sizing should account for volatility, especially given Ethereum's correlation with Bitcoin, where $BTC movements often influence $ETH price action. Institutional flows, such as those from ETF approvals, could further fuel this run, potentially pushing trading volumes higher. On-chain metrics, like increased transaction counts and gas fees, support the narrative of growing adoption, which ties into the bull run's longevity. Risk-averse traders may consider dollar-cost averaging into $ETH during dips, aiming for targets that align with the projected two-thirds unfolding, possibly reaching $5,000 or beyond based on fibonacci extensions from prior waves.

From a broader market perspective, this Ethereum development has implications for cross-market trading opportunities. Stock market correlations, particularly with tech-heavy indices like the Nasdaq, often mirror crypto trends due to shared investor sentiment. If Ethereum's bull run accelerates, it could signal positive spillover into AI-related tokens, given the blockchain's role in decentralized AI applications. Market indicators such as the RSI on weekly charts showing non-overbought conditions reinforce the potential for sustained growth. Traders should watch for macroeconomic triggers, like interest rate decisions, that could amplify or dampen this momentum. Overall, the emphasis remains on disciplined trading, with a focus on confirmed patterns rather than speculation, ensuring that positions are backed by solid technical evidence.

In summary, Ethereum's impulsive waves paint a compelling picture for bulls, with Trader Tardigrade estimating significant upside remaining. This analysis encourages traders to stay vigilant, integrating technical indicators with market news for informed decisions. As the crypto landscape evolves, opportunities in $ETH could extend to related assets, highlighting the interconnected nature of financial markets. For those navigating this bull run, combining wave analysis with risk management will be key to profiting from the anticipated action ahead.